Louisiana State Employees Retirement System Acquires Shares of 44,000 HF Sinclair Co. (NYSE:DINO)

Louisiana State Employees Retirement System acquired a new stake in HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 44,000 shares of the company’s stock, valued at approximately $2,445,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in HF Sinclair by 0.8% in the 3rd quarter. Stifel Financial Corp now owns 27,530 shares of the company’s stock worth $1,567,000 after purchasing an additional 217 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of HF Sinclair by 2.7% in the third quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company’s stock worth $488,000 after purchasing an additional 223 shares during the last quarter. Blue Trust Inc. raised its stake in shares of HF Sinclair by 30.9% in the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after purchasing an additional 224 shares during the last quarter. Resonant Capital Advisors LLC raised its stake in shares of HF Sinclair by 2.9% in the third quarter. Resonant Capital Advisors LLC now owns 10,330 shares of the company’s stock worth $588,000 after purchasing an additional 292 shares during the last quarter. Finally, Atlas Capital Advisors LLC raised its stake in shares of HF Sinclair by 11.2% in the fourth quarter. Atlas Capital Advisors LLC now owns 2,898 shares of the company’s stock worth $150,000 after purchasing an additional 292 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers acquired 4,180 shares of HF Sinclair stock in a transaction on Monday, February 26th. The stock was acquired at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of the acquisition, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers purchased 4,180 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $58.94 per share, with a total value of $246,369.20. Following the completion of the acquisition, the director now directly owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

HF Sinclair Stock Performance

Shares of DINO opened at $57.52 on Wednesday. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $11.34 billion, a price-to-earnings ratio of 6.93 and a beta of 1.28. The stock has a 50 day moving average of $59.19 and a 200 day moving average of $56.19. HF Sinclair Co. has a 12 month low of $37.12 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The business had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same period in the prior year, the company earned $2.97 earnings per share. HF Sinclair’s revenue was down 14.7% compared to the same quarter last year. As a group, sell-side analysts forecast that HF Sinclair Co. will post 6.46 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.48%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. HF Sinclair’s dividend payout ratio is 24.10%.

Analyst Ratings Changes

Several brokerages have recently commented on DINO. Barclays began coverage on HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. Scotiabank increased their price objective on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Bank of America raised HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Wells Fargo & Company increased their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Finally, UBS Group raised HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.42.

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.