California State Teachers Retirement System Reduces Holdings in HF Sinclair Co. (NYSE:DINO)

California State Teachers Retirement System cut its stake in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 191,595 shares of the company's stock after selling 11,108 shares during the quarter. California State Teachers Retirement System owned about 0.10% of HF Sinclair worth $6,715,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in HF Sinclair in the fourth quarter valued at $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its stake in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after acquiring an additional 327 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of HF Sinclair by 98.6% during the 4th quarter. TD Waterhouse Canada Inc. now owns 1,603 shares of the company's stock worth $56,000 after acquiring an additional 796 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company's stock worth $58,000 after acquiring an additional 417 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

Shares of DINO traded down $1.11 during mid-day trading on Wednesday, hitting $35.69. 2,319,699 shares of the company were exchanged, compared to its average volume of 2,499,736. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $54.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a 50 day moving average of $32.15 and a 200-day moving average of $34.83. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 43.52 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.71 EPS. Analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 dividend on an annualized basis and a yield of 5.60%. HF Sinclair's payout ratio is -259.74%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on DINO. TD Cowen increased their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research note on Friday, May 2nd. Scotiabank lowered their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Morgan Stanley lowered their target price on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. Finally, Piper Sandler lowered their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday, May 2nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.30.

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.