34,169 Shares in HF Sinclair Corporation (NYSE:DINO) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of HF Sinclair Corporation (NYSE:DINO - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 34,169 shares of the company's stock, valued at approximately $1,123,000.

Several other large investors have also modified their holdings of the stock. Dimensional Fund Advisors LP lifted its holdings in HF Sinclair by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after acquiring an additional 737,696 shares during the last quarter. First Trust Advisors LP lifted its holdings in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Southeastern Asset Management Inc. TN bought a new position in HF Sinclair in the fourth quarter worth about $96,344,000. AQR Capital Management LLC lifted its holdings in HF Sinclair by 61.6% in the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company's stock worth $82,536,000 after acquiring an additional 906,225 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its holdings in HF Sinclair by 645.1% in the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after acquiring an additional 1,593,875 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on DINO. Morgan Stanley raised their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday. Barclays set a $43.00 price target on shares of HF Sinclair and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. TD Cowen raised their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Wolfe Research lowered shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday. Finally, Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price target for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and a consensus target price of $48.45.

HF Sinclair Price Performance

Shares of NYSE DINO traded up $0.84 during mid-day trading on Thursday, reaching $43.71. 1,857,147 shares of the company traded hands, compared to its average volume of 2,574,460. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $52.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The firm has a market cap of $8.23 billion, a PE ratio of -56.76 and a beta of 0.93. The stock has a fifty day simple moving average of $39.53 and a 200-day simple moving average of $35.53.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the business earned $0.71 earnings per share. The business's revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.58%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

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.