South Dakota Investment Council Has $3.26 Million Stock Position in HF Sinclair Co. (NYSE:DINO)

South Dakota Investment Council boosted its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 57.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 58,610 shares of the company's stock after buying an additional 21,300 shares during the period. South Dakota Investment Council's holdings in HF Sinclair were worth $3,257,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its holdings in shares of HF Sinclair by 2.7% in the third quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company's stock worth $488,000 after purchasing an additional 223 shares during the last quarter. Blue Trust Inc. increased its stake in HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company's stock worth $54,000 after acquiring an additional 224 shares during the last quarter. Resonant Capital Advisors LLC increased its stake in HF Sinclair by 2.9% during the third quarter. Resonant Capital Advisors LLC now owns 10,330 shares of the company's stock worth $588,000 after acquiring an additional 292 shares during the last quarter. Aviance Capital Partners LLC increased its stake in HF Sinclair by 1.9% during the third quarter. Aviance Capital Partners LLC now owns 17,000 shares of the company's stock worth $968,000 after acquiring an additional 323 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its stake in shares of HF Sinclair by 0.5% during the third quarter. Treasurer of the State of North Carolina now owns 70,033 shares of the company's stock valued at $3,987,000 after buying an additional 345 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DINO has been the topic of a number of analyst reports. Mizuho cut their target price on HF Sinclair from $66.00 to $65.00 and set a "neutral" rating on the stock in a research note on Monday, April 15th. TD Cowen upped their target price on HF Sinclair from $50.00 to $52.00 and gave the company a "market perform" rating in a research note on Thursday, February 22nd. Piper Sandler upped their target price on HF Sinclair from $67.00 to $70.00 and gave the company an "overweight" rating in a research note on Friday, April 5th. Bank of America raised HF Sinclair from a "neutral" rating to a "buy" rating and upped their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, Barclays assumed coverage on HF Sinclair in a report on Monday, February 26th. They issued an "equal weight" rating and a $60.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $65.42.

HF Sinclair Stock Up 0.3 %

HF Sinclair stock traded up $0.19 during mid-day trading on Thursday, reaching $57.62. 1,755,525 shares of the company were exchanged, compared to its average volume of 2,150,008. The business has a fifty day moving average of $58.91 and a 200 day moving average of $56.33. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The firm has a market cap of $11.36 billion, a P/E ratio of 6.94 and a beta of 1.28. HF Sinclair Co. has a 12-month low of $37.12 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. HF Sinclair's revenue was down 14.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.97 earnings per share. Research analysts anticipate that HF Sinclair Co. will post 6.55 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were issued a dividend of $0.50 per share. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.47%. This is a positive change from HF Sinclair's previous quarterly dividend of $0.45. HF Sinclair's dividend payout ratio is currently 24.10%.

Insider Transactions at HF Sinclair

In other news, EVP Valerie Pompa sold 7,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now directly owns 29,617 shares of the company's stock, valued at $1,703,866.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares of the company's stock, valued at approximately $600,490.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the sale, 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. Insiders own 0.28% of the company's stock.

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.