HF Sinclair Corporation $DINO Stock: VIRGINIA RETIREMENT SYSTEMS ET Al Boosts Position

VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of HF Sinclair Corporation (NYSE:DINO) by 100.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,950 shares of the company’s stock after acquiring an additional 13,000 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in HF Sinclair were worth $2,785,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parcion Private Wealth LLC increased its holdings in shares of HF Sinclair by 17.0% during the 3rd quarter. Parcion Private Wealth LLC now owns 4,150 shares of the company’s stock valued at $445,000 after purchasing an additional 602 shares in the last quarter. Childress Capital Advisors LLC purchased a new stake in HF Sinclair during the third quarter worth $271,000. Hanseatic Management Services Inc. purchased a new stake in HF Sinclair during the third quarter worth $557,000. North Dakota State Investment Board boosted its holdings in HF Sinclair by 30.4% during the third quarter. North Dakota State Investment Board now owns 6,047 shares of the company’s stock worth $649,000 after buying an additional 1,409 shares in the last quarter. Finally, VestGen Advisors LLC grew its position in HF Sinclair by 1,061.1% during the third quarter. VestGen Advisors LLC now owns 97,023 shares of the company’s stock valued at $10,413,000 after buying an additional 88,667 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DINO. Morgan Stanley upped their price objective on shares of HF Sinclair from $127.00 to $130.00 and gave the stock an “overweight” rating in a research report on Monday. TD Cowen raised their target price on HF Sinclair from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. UBS Group lifted their price target on HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a research note on Saturday, October 3rd. Evercore began coverage on HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price target for the company. Finally, Wells Fargo & Company upped their price target on HF Sinclair from $93.00 to $135.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $116.00.

HF Sinclair Stock Performance

NYSE:DINO opened at $111.52 on Tuesday. The company’s 50-day moving average price is $112.19 and its 200-day moving average price is $78.52. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company has a market cap of $19.11 billion, a P/E ratio of 5.66 and a beta of 0.72. HF Sinclair Corporation has a twelve month low of $45.71 and a twelve month high of $129.37.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, October 28th. The company reported $11.75 EPS for the quarter, topping analysts’ consensus estimates of $7.83 by $3.92. The firm had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. HF Sinclair had a return on equity of 34.65% and a net margin of 10.12%. The firm’s revenue was up 49.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.44 earnings per share. On average, sell-side analysts forecast that HF Sinclair Corporation will post 21.09 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a dividend of $0.5250 per share. The ex-dividend date is Thursday, November 12th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. HF Sinclair’s dividend payout ratio (DPR) is currently 10.65%.

HF Sinclair Company Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.