Public Sector Pension Investment Board Has $1.18 Million Stake in HF Sinclair Co. (NYSE:DINO)

Public Sector Pension Investment Board reduced its stake in shares of HF Sinclair Co. (NYSE:DINO) by 3.5% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 22,135 shares of the company’s stock after selling 799 shares during the quarter. Public Sector Pension Investment Board’s holdings in HF Sinclair were worth $1,181,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Rise Advisors LLC bought a new position in HF Sinclair during the 1st quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in HF Sinclair in the first quarter worth $31,000. Innealta Capital LLC bought a new position in shares of HF Sinclair during the second quarter worth $34,000. Quarry LP acquired a new position in shares of HF Sinclair in the 4th quarter valued at $39,000. Finally, Bessemer Group Inc. increased its position in shares of HF Sinclair by 201.0% in the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after buying an additional 782 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

NYSE:DINO opened at $44.23 on Wednesday. The stock has a market capitalization of $8.50 billion, a PE ratio of 5.47 and a beta of 1.18. HF Sinclair Co. has a 1-year low of $43.88 and a 1-year high of $64.16. The firm has a fifty day simple moving average of $47.08 and a 200 day simple moving average of $52.51. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the business earned $2.60 EPS. HF Sinclair’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts expect that HF Sinclair Co. will post 2.84 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.52%. HF Sinclair’s dividend payout ratio is currently 24.75%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on DINO. Wells Fargo & Company reduced their target price on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Morgan Stanley decreased their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Wolfe Research started coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Barclays lifted their target price on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, Mizuho lowered their price objective on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $59.73.

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.