VIRGINIA RETIREMENT SYSTEMS ET Al Purchases 13,000 Shares of HF Sinclair Corporation $DINO

VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of HF Sinclair Corporation (NYSE:DINO) by 100.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,950 shares of the company’s stock after purchasing 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 large investors have also recently bought and sold shares of the company. Parcion Private Wealth LLC grew its position in shares of HF Sinclair by 17.0% in the 3rd quarter. Parcion Private Wealth LLC now owns 4,150 shares of the company’s stock valued at $445,000 after buying an additional 602 shares during the last quarter. Childress Capital Advisors LLC acquired a new stake in HF Sinclair during the 3rd quarter worth $271,000. Hanseatic Management Services Inc. acquired a new stake in HF Sinclair during the 3rd quarter worth $557,000. North Dakota State Investment Board lifted its position in HF Sinclair by 30.4% in the third quarter. North Dakota State Investment Board now owns 6,047 shares of the company’s stock valued at $649,000 after acquiring an additional 1,409 shares during the last quarter. Finally, VestGen Advisors LLC lifted its position in HF Sinclair by 1,061.1% in the third quarter. VestGen Advisors LLC now owns 97,023 shares of the company’s stock valued at $10,413,000 after acquiring an additional 88,667 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on DINO shares. Raymond James Financial set a $150.00 price target on HF Sinclair in a research report on Wednesday, October 28th. TD Cowen boosted their price objective on HF Sinclair from $100.00 to $110.00 and gave the company a “hold” rating in a research note on Thursday, October 22nd. Weiss Ratings raised HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. The Goldman Sachs Group raised their target price on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. Finally, Wells Fargo & Company lifted their target price on shares of HF Sinclair from $93.00 to $135.00 and gave the company an “equal weight” rating in a report on Wednesday, October 14th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.00.

HF Sinclair Stock Performance

HF Sinclair stock opened at $111.52 on Tuesday. The stock’s 50 day moving average price is $112.19 and its 200 day moving average price is $78.52. The firm has a market capitalization of $19.11 billion, a PE ratio of 5.66 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. HF Sinclair Corporation has a one year low of $45.71 and a one year high of $129.37.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a return on equity of 34.65% and a net margin of 10.12%. The company had revenue of $10.86 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same period in the prior year, the company posted $2.44 EPS. HF Sinclair’s quarterly revenue was up 49.7% on a year-over-year basis. As a group, sell-side analysts expect that HF Sinclair Corporation will post 21.09 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

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

HF Sinclair 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.