Retirement Systems of Alabama Has $19.54 Million Position in HF Sinclair Co. (NYSE:DINO)

Retirement Systems of Alabama increased its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 351,577 shares of the company's stock after buying an additional 14,468 shares during the quarter. Retirement Systems of Alabama owned about 0.20% of HF Sinclair worth $19,537,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in DINO. Pacer Advisors Inc. grew its stake in shares of HF Sinclair by 55.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company's stock valued at $259,322,000 after purchasing an additional 1,656,704 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HF Sinclair by 5.5% in the 3rd quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company's stock valued at $948,766,000 after purchasing an additional 869,429 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of HF Sinclair in the 3rd quarter valued at approximately $41,728,000. Korea Investment CORP grew its stake in shares of HF Sinclair by 584.0% in the 3rd quarter. Korea Investment CORP now owns 283,962 shares of the company's stock valued at $16,166,000 after purchasing an additional 242,447 shares during the last quarter. Finally, AustralianSuper Pty Ltd grew its stake in shares of HF Sinclair by 27.3% in the 4th quarter. AustralianSuper Pty Ltd now owns 1,075,803 shares of the company's stock valued at $59,782,000 after purchasing an additional 230,834 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Price Performance

Shares of NYSE DINO traded down $3.63 during trading on Tuesday, reaching $54.23. The company had a trading volume of 2,255,432 shares, compared to its average volume of 2,137,090. HF Sinclair Co. has a twelve month low of $37.12 and a twelve month high of $64.16. The stock has a market capitalization of $10.69 billion, a PE ratio of 6.53 and a beta of 1.28. The stock has a 50-day moving average price of $58.71 and a two-hundred day moving average price of $56.43. 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 (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.15. The business had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business's revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 earnings per share. As a group, sell-side analysts predict that HF Sinclair Co. will post 6.55 earnings per share for the current year.

HF Sinclair Increases Dividend

The company 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 3.69%. 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%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 29,617 shares of the company's stock, valued at $1,703,866.01. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the business's 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 transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the business's 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 transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Analyst Ratings Changes

Several research analysts have weighed in on DINO shares. Piper Sandler lifted 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. TD Cowen raised their price target on HF Sinclair from $50.00 to $52.00 and gave the company a "market perform" rating in a report on Thursday, February 22nd. Mizuho reduced their price target on HF Sinclair from $66.00 to $65.00 and set a "neutral" rating for the company in a report on Monday, April 15th. UBS Group raised HF Sinclair from a "neutral" rating to a "buy" rating and raised their price target for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Finally, Wells Fargo & Company raised their price target on HF Sinclair from $64.00 to $67.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $65.42.

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.