HF Sinclair Co. (NYSE:DINO) Shares Bought by Treasurer of the State of North Carolina

Treasurer of the State of North Carolina grew its position in HF Sinclair Co. (NYSE:DINOFree Report) by 3.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 72,260 shares of the company’s stock after acquiring an additional 2,227 shares during the quarter. Treasurer of the State of North Carolina’s holdings in HF Sinclair were worth $4,015,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Moors & Cabot Inc. boosted its position in HF Sinclair by 9.1% during the third quarter. Moors & Cabot Inc. now owns 7,200 shares of the company’s stock worth $410,000 after acquiring an additional 600 shares during the last quarter. New York Life Investment Management LLC increased its holdings in shares of HF Sinclair by 101.1% in the third quarter. New York Life Investment Management LLC now owns 16,181 shares of the company’s stock valued at $921,000 after purchasing an additional 8,133 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC lifted its position in HF Sinclair by 9.1% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 22,059 shares of the company’s stock worth $1,256,000 after buying an additional 1,845 shares in the last quarter. Amalgamated Bank boosted its stake in HF Sinclair by 9.9% during the third quarter. Amalgamated Bank now owns 93,981 shares of the company’s stock worth $5,350,000 after buying an additional 8,489 shares during the last quarter. Finally, Banque Cantonale Vaudoise grew its holdings in HF Sinclair by 64.2% in the 3rd quarter. Banque Cantonale Vaudoise now owns 9,525 shares of the company’s stock valued at $543,000 after buying an additional 3,725 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DINO has been the topic of several analyst reports. Piper Sandler reduced their price target on HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a report on Tuesday, May 14th. Mizuho dropped their price target on shares of HF Sinclair from $65.00 to $64.00 and set a “neutral” rating for the company in a research note on Monday, May 13th. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and upped their price objective for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. TD Cowen raised their target price on 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, Scotiabank upped their target price on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average price target of $64.92.

View Our Latest Analysis on HF Sinclair

Insider Buying and Selling

In related news, Director Franklin Myers acquired 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were bought at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the acquisition, the director now owns 138,293 shares in the company, valued at $7,933,869.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Franklin Myers bought 6,500 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the transaction, the director now owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were 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 $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $53.78 on Wednesday. The stock’s 50-day moving average is $57.53 and its two-hundred day moving average is $56.59. The company has a market cap of $10.33 billion, a price-to-earnings ratio of 6.66 and a beta of 1.25. HF Sinclair Co. has a 1-year low of $42.00 and a 1-year high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09.

HF Sinclair (NYSE:DINOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The business had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The company’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. Analysts forecast that HF Sinclair Co. will post 6.06 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.72%. The ex-dividend date is Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

HF Sinclair Profile

(Free Report)

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.

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Institutional Ownership by Quarter for HF Sinclair (NYSE:DINO)

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