Retirement Systems of Alabama Lowers Holdings in HF Sinclair Co. (NYSE:DINO)

Retirement Systems of Alabama reduced its stake in shares of HF Sinclair Co. (NYSE:DINO) by 42.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 197,028 shares of the company’s stock after selling 143,464 shares during the period. Retirement Systems of Alabama owned 0.10% of HF Sinclair worth $8,782,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. V Square Quantitative Management LLC raised its holdings in shares of HF Sinclair by 11.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after purchasing an additional 226 shares during the period. Empirical Finance LLC raised its holdings in HF Sinclair by 1.2% in the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after buying an additional 228 shares during the period. Fifth Third Bancorp lifted its position in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after buying an additional 267 shares in the last quarter. Matrix Trust Co lifted its position in HF Sinclair by 122.4% during the third 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. Finally, iA Global Asset Management Inc. grew its stake in HF Sinclair by 7.5% during the second quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock worth $260,000 after buying an additional 342 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on DINO shares. Morgan Stanley reduced their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Barclays reduced their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. Finally, Scotiabank decreased their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $53.00.

HF Sinclair Stock Performance

HF Sinclair stock opened at $35.76 on Wednesday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $41.51 and a 200-day moving average of $46.26. The stock has a market cap of $6.73 billion, a P/E ratio of 22.07 and a beta of 1.20. HF Sinclair Co. has a 52 week low of $35.31 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS 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 the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm’s revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 EPS. On average, analysts expect that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.59%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is currently 123.46%.

Insiders Place Their Bets

In related news, CFO Atanas H. Atanasov bought 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

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.