New York State Common Retirement Fund Reduces Position in HF Sinclair Co. (NYSE:DINO)

New York State Common Retirement Fund decreased its holdings in HF Sinclair Co. (NYSE:DINO) by 12.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 276,748 shares of the company’s stock after selling 38,621 shares during the period. New York State Common Retirement Fund’s holdings in HF Sinclair were worth $15,379,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gotham Asset Management LLC grew its stake in HF Sinclair by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after buying an additional 7,547 shares in the last quarter. UBS Group AG raised its stake in shares of HF Sinclair by 26.2% during the 3rd quarter. UBS Group AG now owns 413,679 shares of the company’s stock valued at $23,551,000 after purchasing an additional 85,993 shares during the period. Spirit of America Management Corp NY purchased a new stake in HF Sinclair during the 4th quarter worth about $1,093,000. Qube Research & Technologies Ltd bought a new position in HF Sinclair in the 3rd quarter worth about $12,135,000. Finally, Nordea Investment Management AB grew its holdings in HF Sinclair by 127.9% during the 4th quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock valued at $1,940,000 after buying an additional 19,595 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.9 %

Shares of DINO stock opened at $57.85 on Tuesday. The business has a 50-day moving average price of $58.81 and a two-hundred day moving average price of $56.42. HF Sinclair Co. has a 12-month low of $37.12 and a 12-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 firm has a market cap of $11.41 billion, a P/E ratio of 6.97 and a beta of 1.28.

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%. HF Sinclair’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.97 EPS. Equities analysts anticipate that HF Sinclair Co. will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend 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 payout ratio is presently 24.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on DINO shares. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Barclays initiated coverage on shares of HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price target for the company. TD Cowen upped their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a report on Thursday, February 22nd. Wells Fargo & Company increased their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Finally, Mizuho reduced their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a research report 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $65.42.

Insider Activity at HF Sinclair

In other news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair 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 transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction 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 $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

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.