Teacher Retirement System of Texas Increases Stake in HF Sinclair Corporation $DINO

Teacher Retirement System of Texas grew its position in shares of HF Sinclair Corporation (NYSE:DINO) by 11.8% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,196 shares of the company’s stock after buying an additional 4,027 shares during the quarter. Teacher Retirement System of Texas’ holdings in HF Sinclair were worth $1,569,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Hara Capital LLC increased its stake in HF Sinclair by 1,550.6% in the 1st quarter. Hara Capital LLC now owns 57,492 shares of the company’s stock valued at $1,890,000 after purchasing an additional 54,009 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new position in HF Sinclair in the 2nd quarter valued at approximately $218,000. Twelve Points Wealth Management LLC increased its stake in HF Sinclair by 53.7% in the 1st quarter. Twelve Points Wealth Management LLC now owns 34,149 shares of the company’s stock valued at $1,123,000 after purchasing an additional 11,928 shares in the last quarter. Level Four Advisory Services LLC increased its stake in HF Sinclair by 71.4% in the 1st quarter. Level Four Advisory Services LLC now owns 125,263 shares of the company’s stock valued at $4,119,000 after purchasing an additional 52,182 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in HF Sinclair by 103.1% in the 1st quarter. Russell Investments Group Ltd. now owns 427,175 shares of the company’s stock valued at $14,046,000 after purchasing an additional 216,839 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

HF Sinclair stock opened at $53.46 on Wednesday. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $55.63. The stock has a market capitalization of $10.00 billion, a P/E ratio of -116.21 and a beta of 1.00. The firm’s 50-day moving average is $52.24 and its two-hundred day moving average is $44.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter last year, the firm earned $0.51 earnings per share. The business’s revenue was up .6% on a year-over-year basis. Equities analysts predict that HF Sinclair Corporation will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. HF Sinclair’s dividend payout ratio (DPR) is 95.69%.

Analysts Set New Price Targets

Several equities analysts have weighed in on DINO shares. TD Cowen raised their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 1st. Mizuho raised their target price on shares of HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Weiss Ratings restated a “hold (c-)” rating on shares of HF Sinclair in a report on Wednesday, October 8th. Barclays raised their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group raised their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $58.55.

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.