HF Sinclair Co. (NYSE:DINO) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in HF Sinclair Co. (NYSE:DINO) by 1.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 136,527 shares of the company’s stock after acquiring an additional 1,289 shares during the quarter. Texas Permanent School Fund Corp owned 0.07% of HF Sinclair worth $8,242,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Rise Advisors LLC acquired a new stake in HF Sinclair in the first quarter valued at approximately $26,000. Riverview Trust Co acquired a new stake in shares of HF Sinclair during the first quarter worth approximately $31,000. Principal Securities Inc. acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $30,000. Pingora Partners LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $35,000. Finally, Baystate Wealth Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DINO shares. Piper Sandler decreased their price target on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Scotiabank raised their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 2nd. Finally, Wells Fargo & Company reduced their price objective on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $63.83.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers acquired 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the purchase, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

HF Sinclair Stock Performance

DINO stock traded up $0.55 during mid-day trading on Thursday, reaching $48.08. The company had a trading volume of 2,136,389 shares, compared to its average volume of 2,007,573. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $9.24 billion, a P/E ratio of 5.95 and a beta of 1.19. HF Sinclair Co. has a one year low of $45.63 and a one year high of $64.16. The stock’s 50-day simple moving average is $53.98 and its two-hundred day simple moving average is $56.18.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same period last year, the business posted $2.00 earnings per share. Research analysts anticipate that HF Sinclair Co. will post 5.21 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

HF Sinclair Company 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.