California Public Employees Retirement System Sells 12,129 Shares of HF Sinclair Co. (NYSE:DINO)

California Public Employees Retirement System lowered its position in shares of HF Sinclair Co. (NYSE:DINO - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 293,736 shares of the company's stock after selling 12,129 shares during the quarter. California Public Employees Retirement System owned approximately 0.16% of HF Sinclair worth $10,295,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in DINO. FMR LLC raised its holdings in HF Sinclair by 13.8% during the 3rd quarter. FMR LLC now owns 1,167,209 shares of the company's stock worth $52,023,000 after purchasing an additional 141,472 shares during the last quarter. Townsquare Capital LLC acquired a new stake in shares of HF Sinclair during the 3rd quarter worth approximately $220,000. Captrust Financial Advisors raised its stake in shares of HF Sinclair by 14.2% during the third quarter. Captrust Financial Advisors now owns 18,475 shares of the company's stock worth $823,000 after buying an additional 2,297 shares during the last quarter. Morse Asset Management Inc acquired a new position in HF Sinclair in the third quarter valued at approximately $1,560,000. Finally, Quarry LP boosted its stake in HF Sinclair by 1,591.3% in the third quarter. Quarry LP now owns 1,353 shares of the company's stock valued at $60,000 after acquiring an additional 1,273 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Ratings Changes

DINO has been the topic of a number of analyst reports. Barclays cut their price target on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Wells Fargo & Company raised their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Morgan Stanley lowered their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Finally, Mizuho reduced their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, HF Sinclair currently has an average rating of "Hold" and an average price target of $45.70.

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Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

HF Sinclair Stock Up 3.0 %

DINO stock traded up $0.82 during mid-day trading on Friday, hitting $27.73. 3,240,705 shares of the company were exchanged, compared to its average volume of 2,364,637. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a 1-year low of $24.66 and a 1-year high of $61.51. The firm's 50 day simple moving average is $33.26 and its 200 day simple moving average is $37.44. The firm has a market cap of $5.22 billion, a P/E ratio of 33.81 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.21%. HF Sinclair's dividend payout ratio (DPR) is 243.90%.

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.