State of Tennessee Department of Treasury Has $2.69 Million Position in HF Sinclair Co. (NYSE:DINO)

State of Tennessee Department of Treasury cut its holdings in shares of HF Sinclair Co. (NYSE:DINO) by 2.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,618 shares of the company’s stock after selling 2,162 shares during the period. State of Tennessee Department of Treasury’s holdings in HF Sinclair were worth $2,685,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair during the fourth quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its position in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares during the period. Finally, MassMutual Private Wealth & Trust FSB boosted its stake in shares of HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

HF Sinclair Stock Performance

NYSE DINO opened at $30.55 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a fifty day simple moving average of $31.61 and a 200 day simple moving average of $36.23. HF Sinclair Co. has a 12-month low of $24.66 and a 12-month high of $58.73. The company has a market cap of $5.76 billion, a P/E ratio of 37.26 and a beta of 1.00.

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

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.55%. HF Sinclair’s payout ratio is 243.90%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of analyst reports. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Morgan Stanley decreased their price target on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday. Scotiabank cut their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. 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 research note on Friday, March 21st. Finally, Mizuho dropped their price target on 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 research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $44.50.

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.