South Dakota Investment Council Has $8.80 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

South Dakota Investment Council raised its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 26.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 251,148 shares of the company’s stock after purchasing an additional 53,188 shares during the period. South Dakota Investment Council owned 0.13% of HF Sinclair worth $8,803,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the company. Creative Planning grew its stake in shares of HF Sinclair by 20.1% during the 3rd quarter. Creative Planning now owns 56,938 shares of the company’s stock worth $2,538,000 after acquiring an additional 9,519 shares in the last quarter. Blue Trust Inc. grew its stake in shares of HF Sinclair by 48.4% in the third quarter. Blue Trust Inc. now owns 4,589 shares of the company’s stock valued at $205,000 after buying an additional 1,497 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in HF Sinclair by 43.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 35,304 shares of the company’s stock valued at $1,573,000 after purchasing an additional 10,750 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of HF Sinclair by 10.1% during the third quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock worth $191,000 after buying an additional 392 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in shares of HF Sinclair during the third quarter worth $344,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Stock Performance

HF Sinclair stock opened at $36.32 on Friday. The stock has a market cap of $6.83 billion, a PE ratio of 44.29 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business’s 50-day moving average price is $35.99 and its two-hundred day moving average price is $41.24. HF Sinclair Co. has a 12-month low of $33.47 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. As a group, analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 5.51%. HF Sinclair’s dividend payout ratio (DPR) is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction on Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the purchase, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Company 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.