HF Sinclair Co. (NYSE:DINO) Shares Sold by Utah Retirement Systems

Utah Retirement Systems lessened its position in HF Sinclair Co. (NYSE:DINO – Get Rating) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,097 shares of the company’s stock after selling 500 shares during the period. Utah Retirement Systems’ holdings in HF Sinclair were worth $1,405,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DINO. Bornite Capital Management LP purchased a new stake in HF Sinclair in the first quarter valued at approximately $13,947,000. Advisor Group Holdings Inc. purchased a new stake in HF Sinclair in the first quarter valued at approximately $241,000. JPMorgan Chase & Co. purchased a new stake in HF Sinclair in the first quarter valued at approximately $13,169,000. Raymond James Financial Services Advisors Inc. purchased a new stake in HF Sinclair in the first quarter valued at approximately $1,823,000. Finally, US Bancorp DE purchased a new stake in HF Sinclair in the first quarter valued at approximately $292,000. Institutional investors and hedge funds own 87.69% of the company’s stock.

Analyst Ratings Changes

DINO has been the subject of a number of recent analyst reports. UBS Group assumed coverage on shares of HF Sinclair in a report on Wednesday, March 8th. They issued a “neutral” rating and a $58.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of HF Sinclair from $54.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, January 9th. Barclays decreased their price objective on shares of HF Sinclair from $61.00 to $55.00 in a research note on Tuesday, January 10th. Cowen boosted their price objective on shares of HF Sinclair to $68.00 in a research note on Tuesday, November 15th. Finally, Piper Sandler decreased their price objective on shares of HF Sinclair from $86.00 to $75.00 and set an “overweight” rating for the company in a research note on Monday, December 19th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.08.

HF Sinclair Trading Down 1.1 %

DINO opened at $49.27 on Monday. The stock has a market capitalization of $9.67 billion, a PE ratio of 3.60, a P/E/G ratio of 0.52 and a beta of 1.39. The firm’s fifty day moving average price is $53.13 and its 200 day moving average price is $55.00. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.08 and a quick ratio of 1.09. HF Sinclair Co. has a 12-month low of $34.17 and a 12-month high of $66.19.

HF Sinclair (NYSE:DINO – Get Rating) last posted its quarterly earnings results on Friday, February 24th. The company reported $2.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.59 by ($0.62). The company had revenue of $8.98 billion during the quarter, compared to analyst estimates of $8.82 billion. HF Sinclair had a net margin of 7.65% and a return on equity of 31.28%. The company’s revenue was up 59.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.11) earnings per share. As a group, research analysts expect that HF Sinclair Co. will post 8.75 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 17th. Investors of record on Tuesday, March 7th will be issued a $0.45 dividend. The ex-dividend date is Monday, March 6th. This is a boost from HF Sinclair’s previous quarterly dividend of $0.40. This represents a $1.80 annualized dividend and a yield of 3.65%. HF Sinclair’s dividend payout ratio is currently 13.14%.

Insider Activity at HF Sinclair

In other HF Sinclair news, CEO Michael Jennings sold 50,000 shares of the stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the sale, the chief executive officer now directly owns 182,859 shares of the company’s stock, valued at $9,336,780.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HF Sinclair news, major shareholder Carol Orme Holding sold 5,000,000 shares of the stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $48.20, for a total transaction of $241,000,000.00. Following the sale, the insider now directly owns 40,822,762 shares of the company’s stock, valued at $1,967,657,128.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Jennings sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the transaction, the chief executive officer now owns 182,859 shares of the company’s stock, valued at approximately $9,336,780.54. The disclosure for this sale can be found here. Insiders have sold 5,054,180 shares of company stock valued at $243,764,675 over the last ninety days. Corporate insiders own 0.35% of the company’s stock.

About HF Sinclair

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.