HF Sinclair Corporation $DINO Shares Sold by South Dakota Investment Council

South Dakota Investment Council lowered its position in HF Sinclair Corporation (NYSE:DINO) by 14.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 341,327 shares of the company’s stock after selling 59,816 shares during the period. South Dakota Investment Council owned about 0.18% of HF Sinclair worth $14,022,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Kiker Wealth Management LLC acquired a new position in HF Sinclair during the 2nd quarter worth approximately $32,000. West Oak Capital LLC purchased a new stake in shares of HF Sinclair in the second quarter valued at approximately $38,000. Hilltop National Bank purchased a new stake in shares of HF Sinclair in the second quarter valued at approximately $46,000. Allworth Financial LP grew its holdings in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after acquiring an additional 1,130 shares during the period. Finally, Hantz Financial Services Inc. raised its position in HF Sinclair by 203.5% in the second quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock worth $63,000 after acquiring an additional 1,036 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DINO. Wall Street Zen cut shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Sunday. TD Cowen increased their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 1st. Wolfe Research lowered HF Sinclair from a “peer perform” rating to an “underperform” rating in a research note on Monday, July 14th. Piper Sandler upped their price target on HF Sinclair from $51.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Finally, Morgan Stanley lifted their price objective on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $58.36.

HF Sinclair Stock Down 2.2%

DINO stock opened at $51.61 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The company’s 50 day simple moving average is $52.07 and its 200-day simple moving average is $43.89. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $55.63. The firm has a market capitalization of $9.65 billion, a PE ratio of -112.18 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.HF Sinclair’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Equities analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 19th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

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.