Retirement Systems of Alabama Grows Stake in HF Sinclair Corporation $DINO

Retirement Systems of Alabama increased its position in HF Sinclair Corporation (NYSE:DINO) by 0.6% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 195,738 shares of the company’s stock after acquiring an additional 1,085 shares during the quarter. Retirement Systems of Alabama’s holdings in HF Sinclair were worth $8,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. AQR Capital Management LLC boosted its position in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of HF Sinclair by 1,633.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock valued at $55,730,000 after purchasing an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after purchasing an additional 1,337,093 shares during the period. Millennium Management LLC boosted its holdings in shares of HF Sinclair by 207.5% in the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after buying an additional 1,329,408 shares during the last quarter. Finally, Nuveen LLC bought a new stake in HF Sinclair during the first quarter valued at approximately $25,051,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading 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. HF Sinclair Corporation has a 1-year low of $24.66 and a 1-year high of $55.63. The business has a 50 day simple moving average of $52.07 and a two-hundred day simple moving average of $43.89. The company has a market capitalization of $9.65 billion, a price-to-earnings ratio of -112.18 and a beta of 1.00.

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

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.50 per share. The ex-dividend date 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%.

Analyst Upgrades and Downgrades

DINO has been the topic of several recent research reports. Raymond James Financial reiterated a “strong-buy” rating and issued a $65.00 price target (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. UBS Group upped their price objective on HF Sinclair from $58.00 to $63.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Barclays lifted their target price on HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. Finally, The Goldman Sachs Group raised their price objective on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $58.36.

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.