HF Sinclair Co. (NYSE:DINO) Stock Holdings Trimmed by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky lowered its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 51,378 shares of the company’s stock after selling 1,310 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in HF Sinclair were worth $2,290,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DINO. Pacer Advisors Inc. raised its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after acquiring an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock worth $45,315,000 after buying an additional 402,793 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after buying an additional 399,988 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of HF Sinclair in the 2nd quarter worth $12,001,000. Institutional investors own 88.29% of the company’s stock.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Barclays dropped their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Morgan Stanley decreased their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Finally, UBS Group decreased their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.45.

HF Sinclair Stock Performance

Shares of DINO stock opened at $37.45 on Monday. HF Sinclair Co. has a 1-year low of $37.34 and a 1-year high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 23.12 and a beta of 1.20. The stock’s fifty day simple moving average is $41.91 and its 200-day simple moving average is $46.52.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.06 earnings per share. On average, sell-side analysts predict that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.34%. HF Sinclair’s payout ratio is 123.46%.

HF Sinclair Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.