HF Sinclair Co. (NYSE:DINO) Stock Position Raised by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in shares of HF Sinclair Co. (NYSE:DINO) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 96,761 shares of the company’s stock after purchasing an additional 2,162 shares during the quarter. Mutual of America Capital Management LLC’s holdings in HF Sinclair were worth $5,377,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in shares of HF Sinclair by 5.5% during the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock worth $948,766,000 after purchasing an additional 869,429 shares in the last quarter. BlackRock Inc. acquired a new stake in HF Sinclair in the 1st quarter valued at $539,533,000. State Street Corp acquired a new stake in HF Sinclair in the 1st quarter valued at $308,240,000. Pacer Advisors Inc. boosted its stake in HF Sinclair by 55.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after buying an additional 1,656,704 shares in the last quarter. Finally, Invesco Ltd. acquired a new stake in HF Sinclair in the 1st quarter valued at $102,959,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Insider Buying and Selling

In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on 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 $600,490.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of the company’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 transaction, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers bought 4,180 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the acquisition, the director now directly owns 131,793 shares of the company’s stock, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. 0.35% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

DINO has been the topic of several recent analyst reports. Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price target for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Mizuho boosted their price target on HF Sinclair from $63.00 to $66.00 and gave the company a “neutral” rating in a research note on Friday, March 22nd. Scotiabank boosted their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday. Piper Sandler lifted their price objective on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, Barclays initiated coverage on HF Sinclair in a research report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $65.50.

HF Sinclair Trading Down 1.6 %

DINO stock opened at $60.00 on Monday. The company has a market cap of $11.83 billion, a P/E ratio of 7.23 and a beta of 1.28. HF Sinclair Co. has a twelve month low of $37.12 and a twelve month high of $64.16. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27. The business has a fifty day moving average of $59.15 and a 200-day moving average of $56.18.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm’s quarterly revenue was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.97 earnings per share. As a group, equities research analysts expect that HF Sinclair Co. will post 6.46 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were paid a dividend of $0.50 per share. The ex-dividend date was Friday, February 23rd. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.33%. HF Sinclair’s payout ratio is 24.10%.

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.