South Dakota Investment Council Buys 13,935 Shares of HF Sinclair Corporation $DINO

South Dakota Investment Council lifted its stake in HF Sinclair Corporation (NYSE:DINO) by 94.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 28,621 shares of the company’s stock after purchasing an additional 13,935 shares during the quarter. South Dakota Investment Council’s holdings in HF Sinclair were worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new stake in HF Sinclair during the 4th quarter valued at about $26,000. REAP Financial Group LLC purchased a new position in HF Sinclair in the fourth quarter worth about $29,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair in the fourth quarter worth about $36,000. Fairway Wealth LLC bought a new position in shares of HF Sinclair in the first quarter worth approximately $41,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair in the second quarter worth approximately $41,000. Institutional investors own 88.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Mizuho reissued a “neutral” rating and set a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday. Evercore assumed coverage on HF Sinclair in a research note on Friday, July 17th. They set an “in-line” rating and a $85.00 target price on the stock. Finally, Barclays lifted their target price on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average price target of $80.75.

HF Sinclair Price Performance

DINO opened at $91.25 on Friday. The company’s 50-day simple moving average is $75.80 and its two-hundred day simple moving average is $64.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The stock has a market capitalization of $16.45 billion, a P/E ratio of 8.71 and a beta of 0.72. HF Sinclair Corporation has a 52-week low of $42.16 and a 52-week high of $94.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.62%. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. During the same period in the previous year, the business posted $1.10 earnings per share. The business’s revenue for the quarter was up 53.2% on a year-over-year basis. As a group, analysts predict that HF Sinclair Corporation will post 11.5 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a $0.525 dividend. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.3%. HF Sinclair’s payout ratio is presently 19.08%.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the sale, the executive vice president directly owned 43,098 shares in the company, valued at approximately $2,975,916.90. The trade was a 18.83% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,736 shares of company stock worth $954,694 in the last 90 days. Insiders own 0.26% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.