Public Employees Retirement System of Ohio Reduces Holdings in HF Sinclair Co. (NYSE:DINO)

Public Employees Retirement System of Ohio lowered its position in HF Sinclair Co. (NYSE:DINO) by 32.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,677 shares of the company’s stock after selling 36,957 shares during the quarter. 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 institutional investors have also recently made changes to their positions in DINO. Pacer Advisors Inc. lifted its stake in HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after purchasing an additional 626,755 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after buying an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after acquiring an additional 165,313 shares during the last quarter. AQR Capital Management LLC boosted its holdings in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after acquiring an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd grew its position in HF Sinclair by 11.7% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after acquiring an additional 175,925 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on DINO shares. Barclays lowered their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. BMO Capital Markets decreased their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. JPMorgan Chase & Co. dropped their price objective 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. Finally, Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $53.00.

HF Sinclair Stock Down 4.9 %

NYSE:DINO opened at $35.60 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a twelve month low of $35.47 and a twelve month high of $64.16. The company has a market cap of $6.70 billion, a PE ratio of 21.98 and a beta of 1.20. The company’s 50 day moving average is $41.69 and its two-hundred day moving average is $46.40.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the company posted $4.06 earnings per share. The company’s revenue was down 19.1% compared to the same quarter last year. Analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.62%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Insiders Place Their Bets

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

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.