Teacher Retirement System of Texas Takes Position in HF Sinclair Corporation (NYSE:DINO)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after buying an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in shares of HF Sinclair by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after purchasing an additional 379 shares in the last quarter. Bank & Trust Co grew its position in shares of HF Sinclair by 8.7% during the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after purchasing an additional 389 shares in the last quarter. ProShare Advisors LLC grew its holdings in HF Sinclair by 5.8% during the 4th quarter. ProShare Advisors LLC now owns 7,482 shares of the company's stock valued at $262,000 after buying an additional 412 shares in the last quarter. Finally, Forum Financial Management LP grew its holdings in HF Sinclair by 7.2% during the 4th quarter. Forum Financial Management LP now owns 6,345 shares of the company's stock valued at $222,000 after buying an additional 424 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Trading Down 1.9%

Shares of NYSE:DINO opened at $45.15 on Monday. HF Sinclair Corporation has a 12-month low of $24.66 and a 12-month high of $52.88. The business's fifty day simple moving average is $38.67 and its 200-day simple moving average is $35.28. The company has a market capitalization of $8.51 billion, a PE ratio of -58.64 and a beta of 0.93. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29.

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

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.43%. HF Sinclair's payout ratio is presently -259.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on DINO shares. Wells Fargo & Company raised their price target on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a report on Wednesday, June 11th. Morgan Stanley lowered their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Barclays set a $43.00 price objective on HF Sinclair and gave the company an "equal weight" rating in a research note on Wednesday, July 9th. Finally, Piper Sandler lowered their price objective on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $46.00.

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.

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