Strs Ohio Increases Stock Holdings in HF Sinclair Co. (NYSE:DINO)

Strs Ohio raised its stake in HF Sinclair Co. (NYSE:DINO) by 28.6% during the 4th quarter, HoldingsChannel reports. The firm owned 25,891 shares of the company’s stock after acquiring an additional 5,764 shares during the period. Strs Ohio’s holdings in HF Sinclair were worth $1,438,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. North Star Investment Management Corp. grew its stake in shares of HF Sinclair by 4,990.9% in the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after purchasing an additional 549 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in shares of HF Sinclair in the first quarter valued at approximately $36,000. Baystate Wealth Management LLC purchased a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $37,000. Ronald Blue Trust Inc. boosted its stake in shares of HF Sinclair by 200.0% in the third quarter. Ronald Blue Trust Inc. now owns 726 shares of the company’s stock valued at $41,000 after buying an additional 484 shares in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of HF Sinclair in the first quarter valued at approximately $52,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price target for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Piper Sandler lifted their price target on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Barclays began coverage on HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target on the stock. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Finally, Wells Fargo & Company boosted their target price on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $65.42.

Insider Activity at HF Sinclair

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

HF Sinclair Stock Performance

NYSE DINO opened at $56.85 on Monday. HF Sinclair Co. has a fifty-two week low of $37.12 and a fifty-two week high of $64.16. The stock has a market cap of $11.21 billion, a price-to-earnings ratio of 6.85 and a beta of 1.28. The business has a fifty day moving average of $59.09 and a 200-day moving average of $56.24. The company has a quick ratio of 1.16, a current ratio of 2.22 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last released its quarterly 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. 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 during the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the firm posted $2.97 earnings per share. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. As a group, analysts predict that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were paid a $0.50 dividend. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a yield of 3.52%. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s dividend payout ratio is presently 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.