Public Employees Retirement System of Ohio Has $3.42 Million Stake in HF Sinclair Co. (NYSE:DINO)

Public Employees Retirement System of Ohio reduced its position in HF Sinclair Co. (NYSE:DINO - Free Report) by 32.5% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 76,677 shares of the company's stock after selling 36,957 shares during the period. Public Employees Retirement System of Ohio's holdings in HF Sinclair were worth $3,417,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of HF Sinclair by 42.5% during the second quarter. Blue Trust Inc. now owns 3,092 shares of the company's stock worth $165,000 after purchasing an additional 922 shares during the period. Fifth Third Bancorp lifted its holdings in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company's stock worth $227,000 after acquiring an additional 267 shares in the last quarter. Fifth Third Wealth Advisors LLC bought a new position in HF Sinclair during the second quarter worth about $250,000. New York State Teachers Retirement System lifted its holdings in HF Sinclair by 0.4% during the second quarter. New York State Teachers Retirement System now owns 199,663 shares of the company's stock worth $10,650,000 after acquiring an additional 773 shares in the last quarter. Finally, Keynote Financial Services LLC lifted its holdings in HF Sinclair by 3.4% during the second quarter. Keynote Financial Services LLC now owns 11,354 shares of the company's stock worth $606,000 after acquiring an additional 370 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Atanas H. Atanasov bought 7,000 shares of the business's stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DINO shares. Mizuho reduced their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday. JPMorgan Chase & Co. reduced their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Piper Sandler cut their price target on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, September 20th. Wells Fargo & Company lowered HF Sinclair from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Finally, Barclays cut their price target on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $53.00.

HF Sinclair Stock Up 0.4 %

DINO traded up $0.16 on Tuesday, hitting $35.76. 3,281,436 shares of the company were exchanged, compared to its average volume of 2,006,921. HF Sinclair Co. has a 12 month low of $35.31 and a 12 month high of $64.16. The company has a market cap of $6.73 billion, a PE ratio of 22.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock's fifty day moving average is $41.51 and its 200-day moving average is $46.26.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business's revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.06 earnings per share. Equities research analysts predict that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.59%. The ex-dividend date was Thursday, November 21st. HF Sinclair's payout ratio is 123.46%.

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.