Louisiana State Employees Retirement System Takes Position in HF Sinclair Co. (NYSE:DINO)

Louisiana State Employees Retirement System purchased a new stake in HF Sinclair Co. (NYSE:DINO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 44,000 shares of the company's stock, valued at approximately $2,445,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. North Star Investment Management Corp. raised its holdings in HF Sinclair by 4,990.9% in the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company's stock worth $31,000 after purchasing an additional 549 shares during the period. Baystate Wealth Management LLC acquired a new stake in HF Sinclair during the 4th quarter worth $37,000. Ronald Blue Trust Inc. lifted its holdings in HF Sinclair by 200.0% during the third quarter. Ronald Blue Trust Inc. now owns 726 shares of the company's stock worth $41,000 after acquiring an additional 484 shares in the last quarter. Parkside Financial Bank & Trust acquired a new position in HF Sinclair in the first quarter valued at about $36,000. Finally, Blue Trust Inc. increased its holdings in shares of HF Sinclair by 30.9% in the fourth quarter. Blue Trust Inc. now owns 950 shares of the company's stock worth $54,000 after acquiring an additional 224 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Franklin Myers purchased 4,180 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the purchase, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at $1,703,866.01. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company's stock.

HF Sinclair Stock Down 0.9 %

Shares of NYSE:DINO traded down $0.51 during trading on Wednesday, hitting $57.04. 1,560,808 shares of the company were exchanged, compared to its average volume of 2,185,808. The stock has a market cap of $11.25 billion, a price-to-earnings ratio of 6.87 and a beta of 1.28. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. HF Sinclair Co. has a fifty-two week low of $37.12 and a fifty-two week high of $64.16. The firm has a fifty day moving average price of $59.19 and a two-hundred day moving average price of $56.20.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.15. The firm had revenue of $7.66 billion during the quarter, compared to analysts' expectations of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The company's revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.97 earnings per share. As a group, research analysts anticipate that HF Sinclair Co. will post 6.34 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from HF Sinclair's previous quarterly dividend of $0.45. HF Sinclair's payout ratio is 24.10%.

Analysts Set New Price Targets

Several research firms have recently weighed in on DINO. Wells Fargo & Company lifted their price objective on HF Sinclair from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. TD Cowen increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a "market perform" rating in a research report on Thursday, February 22nd. Piper Sandler boosted their price objective on shares of HF Sinclair from $67.00 to $70.00 and gave the company an "overweight" rating in a research report on Friday, April 5th. Barclays began coverage on shares of HF Sinclair in a research note on Monday, February 26th. They issued an "equal weight" rating and a $60.00 target price for the company. Finally, Bank of America upgraded HF Sinclair from a "neutral" rating to a "buy" rating and boosted their price target for the company from $62.00 to $78.00 in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $65.42.

HF Sinclair 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.