Louisiana State Employees Retirement System Increases Position in HF Sinclair Co. (NYSE:DINO)

Louisiana State Employees Retirement System raised its position in shares of HF Sinclair Co. (NYSE:DINO) by 6.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 45,000 shares of the company’s stock after purchasing an additional 2,600 shares during the period. Louisiana State Employees Retirement System’s holdings in HF Sinclair were worth $2,006,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Matrix Trust Co raised its holdings in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after buying an additional 317 shares in the last quarter. Innealta Capital LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares during the last quarter. Bessemer Group Inc. grew its holdings in shares of HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after purchasing an additional 782 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of HF Sinclair by 15,200.0% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock valued at $73,000 after purchasing an additional 1,368 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $40.79 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a twelve month low of $40.61 and a twelve month high of $64.16. The stock has a market cap of $7.84 billion, a P/E ratio of 5.05 and a beta of 1.16. The firm’s fifty day simple moving average is $45.59 and its 200 day simple moving average is $50.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating 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 analysts’ expectations of $7.65 billion. During the same quarter in the previous year, the company earned $2.60 earnings per share. HF Sinclair’s quarterly revenue was up .2% on a year-over-year basis. As a group, research analysts predict that HF Sinclair Co. will post 2.32 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.90%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Analyst Ratings Changes

DINO has been the subject of several analyst reports. Barclays cut their price target on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. UBS Group reduced their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Piper Sandler decreased their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Scotiabank dropped their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Finally, Mizuho decreased their target price on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $55.82.

HF Sinclair Profile

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.