South Dakota Investment Council Raises Holdings in HF Sinclair Co. (NYSE:DINO)

South Dakota Investment Council increased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 26.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 251,148 shares of the company’s stock after purchasing an additional 53,188 shares during the period. South Dakota Investment Council’s holdings in HF Sinclair were worth $8,803,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in HF Sinclair during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC purchased a new stake in shares of HF Sinclair in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after acquiring an additional 558 shares in the last quarter. Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at about $50,000. Finally, Coastline Trust Co purchased a new stake in shares of HF Sinclair in the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $36.32 on Friday. The stock has a market cap of $6.83 billion, a P/E ratio of 44.29 and a beta of 1.22. The firm’s fifty day simple moving average is $35.99 and its 200 day simple moving average is $41.24. HF Sinclair Co. has a twelve month low of $33.47 and a twelve month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.51%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. TD Cowen lowered their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. UBS Group lowered their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Mizuho decreased their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Barclays cut their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.00.

Insider Buying and Selling at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.28% of the company’s stock.

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.