HF Sinclair Co. (NYSE:DINO) Stock Position Raised by Retirement Systems of Alabama

Retirement Systems of Alabama grew its position in shares of HF Sinclair Co. (NYSE:DINO) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 351,577 shares of the company’s stock after buying an additional 14,468 shares during the quarter. Retirement Systems of Alabama owned approximately 0.20% of HF Sinclair worth $19,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Convergence Investment Partners LLC bought a new stake in HF Sinclair in the fourth quarter worth $271,000. Jackson Hole Capital Partners LLC boosted its stake in shares of HF Sinclair by 13.2% during the 4th quarter. Jackson Hole Capital Partners LLC now owns 33,317 shares of the company’s stock worth $1,851,000 after acquiring an additional 3,890 shares in the last quarter. Fractal Investments LLC increased its holdings in shares of HF Sinclair by 304.5% during the 4th quarter. Fractal Investments LLC now owns 20,223 shares of the company’s stock valued at $1,124,000 after acquiring an additional 15,223 shares during the last quarter. Yousif Capital Management LLC increased its holdings in shares of HF Sinclair by 7.0% during the 4th quarter. Yousif Capital Management LLC now owns 76,039 shares of the company’s stock valued at $4,225,000 after acquiring an additional 4,973 shares during the last quarter. Finally, South Dakota Investment Council raised its stake in shares of HF Sinclair by 57.1% in the 4th quarter. South Dakota Investment Council now owns 58,610 shares of the company’s stock valued at $3,257,000 after acquiring an additional 21,300 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE DINO opened at $57.85 on Tuesday. HF Sinclair Co. has a 1-year low of $37.12 and a 1-year high of $64.16. The company has a 50 day moving average of $58.81 and a 200-day moving average of $56.42. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 6.97 and a beta of 1.28.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same quarter in the prior year, the business earned $2.97 earnings per share. The business’s revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.46%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s dividend payout ratio (DPR) is presently 24.10%.

Insider Activity

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the sale, the director now directly owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the sale, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DINO shares. Barclays assumed coverage on shares of HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target for the company. Scotiabank raised their target price on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their price target for the stock from $62.00 to $78.00 in a report on Friday, March 15th. TD Cowen raised their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd. Finally, Mizuho cut their target price on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research note on Monday, April 15th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $65.42.

About HF Sinclair

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.