New York State Teachers Retirement System Lowers Stock Holdings in HF Sinclair Co. (NYSE:DINO)

New York State Teachers Retirement System trimmed its holdings in HF Sinclair Co. (NYSE:DINO - Free Report) by 6.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 174,522 shares of the company's stock after selling 12,892 shares during the period. New York State Teachers Retirement System owned about 0.09% of HF Sinclair worth $6,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning boosted its position in shares of HF Sinclair by 20.1% during the third quarter. Creative Planning now owns 56,938 shares of the company's stock worth $2,538,000 after buying an additional 9,519 shares during the period. Blue Trust Inc. boosted its position in shares of HF Sinclair by 48.4% during the third quarter. Blue Trust Inc. now owns 4,589 shares of the company's stock worth $205,000 after buying an additional 1,497 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of HF Sinclair by 43.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 35,304 shares of the company's stock worth $1,573,000 after buying an additional 10,750 shares during the period. Signaturefd LLC boosted its position in shares of HF Sinclair by 10.1% during the third quarter. Signaturefd LLC now owns 4,275 shares of the company's stock worth $191,000 after buying an additional 392 shares during the period. Finally, Private Advisor Group LLC acquired a new position in shares of HF Sinclair during the third quarter worth about $344,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $0.47 on Friday, hitting $36.96. 1,483,102 shares of the company's stock were exchanged, compared to its average volume of 2,648,506. 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 $33.47 and a 1 year high of $64.16. The company has a 50-day simple moving average of $36.01 and a 200-day simple moving average of $41.34. The stock has a market capitalization of $6.95 billion, a PE ratio of 22.78 and a beta of 1.22.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. As a group, equities analysts anticipate that HF Sinclair Co. will post 1.34 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on DINO shares. Wells Fargo & Company cut HF Sinclair from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. UBS Group reduced their price target on HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Barclays reduced their price target on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. lowered their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $51.00.

Insider Activity at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of HF Sinclair stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Company 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.