State of Alaska Department of Revenue Buys 2,535 Shares of HF Sinclair Co. (NYSE:DINO)

State of Alaska Department of Revenue grew its stake in shares of HF Sinclair Co. (NYSE:DINO) by 13.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,716 shares of the company’s stock after acquiring an additional 2,535 shares during the period. State of Alaska Department of Revenue’s holdings in HF Sinclair were worth $967,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of DINO. Matrix Trust Co raised its stake in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares in the last quarter. Innealta Capital LLC bought a new position in HF Sinclair in the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV raised its stake in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares in the last quarter. Bessemer Group Inc. raised its stake in HF Sinclair by 201.0% in the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after buying an additional 782 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its stake in HF Sinclair by 15,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock worth $73,000 after buying an additional 1,368 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Friday, November 1st. The shares were bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Price Performance

Shares of DINO opened at $40.01 on Wednesday. The firm has a market capitalization of $7.63 billion, a PE ratio of 24.70 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 1-year low of $38.25 and a 1-year high of $64.16. The company’s fifty day moving average price is $44.75 and its 200-day moving average price is $49.53.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.06 earnings per share. On average, equities research analysts predict that HF Sinclair Co. will post 2.32 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Scotiabank reduced their price objective on shares of 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. Wells Fargo & Company reduced their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research note on Wednesday, October 9th. Piper Sandler reduced their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Wolfe Research initiated coverage on HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, BMO Capital Markets reduced their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $54.45.

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.