Commonwealth of Pennsylvania Public School Empls Retrmt SYS Trims Holdings in HF Sinclair Co. (NYSE:DINO)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lowered its position in shares of HF Sinclair Co. (NYSE:DINO) by 1.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 35,321 shares of the company’s stock after selling 432 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in HF Sinclair were worth $1,238,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at $27,000. EverSource Wealth Advisors LLC increased its stake in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after buying an additional 327 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in HF Sinclair during the third quarter valued at about $50,000. Transamerica Financial Advisors Inc. purchased a new position in shares of HF Sinclair in the third quarter valued at about $59,000. Finally, Quarry LP boosted its stake in shares of HF Sinclair by 1,591.3% in the third quarter. Quarry LP now owns 1,353 shares of the company’s stock worth $60,000 after acquiring an additional 1,273 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DINO. Barclays decreased their target price on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Mizuho reduced their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research note on Friday, March 7th. JPMorgan Chase & Co. cut their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, Morgan Stanley decreased their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $47.00.

HF Sinclair Stock Up 0.1 %

NYSE DINO opened at $33.18 on Wednesday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 52 week low of $29.85 and a 52 week high of $64.16. The firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 40.46 and a beta of 1.13. The company has a fifty day moving average of $35.24 and a two-hundred day moving average of $38.99.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, analysts predict that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.03%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by corporate 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.