South Dakota Investment Council Raises Holdings in HF Sinclair Corporation (NYSE:DINO)

South Dakota Investment Council grew its stake in HF Sinclair Corporation (NYSE:DINO - Free Report) by 59.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 401,143 shares of the company's stock after purchasing an additional 149,995 shares during the period. South Dakota Investment Council owned about 0.21% of HF Sinclair worth $13,190,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in DINO. EverSource Wealth Advisors LLC raised its holdings in 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 purchasing an additional 327 shares during the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in shares of HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after acquiring an additional 379 shares in the last quarter. Bank & Trust Co increased its stake in shares of HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock valued at $159,000 after acquiring an additional 389 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in shares of HF Sinclair by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 44,800 shares of the company's stock valued at $1,473,000 after acquiring an additional 400 shares in the last quarter. Finally, ProShare Advisors LLC increased its stake in shares of HF Sinclair by 5.8% in the 4th quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock valued at $262,000 after acquiring an additional 412 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Up 0.5%

Shares of NYSE:DINO traded up $0.21 during trading on Friday, reaching $43.93. 2,456,894 shares of the company traded hands, compared to its average volume of 2,582,146. The firm has a market capitalization of $8.28 billion, a price-to-earnings ratio of -57.05 and a beta of 0.93. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $52.88. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. The business's fifty day moving average is $39.72 and its 200-day moving average is $35.60.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The firm had revenue of $6.37 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the prior year, the firm posted $0.71 earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis. As a group, analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Barclays set a $43.00 price objective on shares of HF Sinclair and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Scotiabank lifted their price target on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. TD Cowen lifted their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Raymond James Financial raised shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price target for the company in a research report on Tuesday. Finally, Piper Sandler lifted their price target on shares of HF Sinclair from $43.00 to $53.00 and gave the company an "overweight" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $48.45.

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.