HF Sinclair Corporation $DINO Holdings Boosted by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in HF Sinclair Corporation (NYSE:DINO) by 7.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 187,524 shares of the company’s stock after acquiring an additional 13,558 shares during the period. New York State Teachers Retirement System owned 0.10% of HF Sinclair worth $8,641,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. V Square Quantitative Management LLC acquired a new position in HF Sinclair during the 4th quarter valued at approximately $26,000. Quent Capital LLC acquired a new stake in HF Sinclair in the third quarter worth $28,000. State of Wyoming acquired a new stake in HF Sinclair in the second quarter worth $41,000. Torren Management LLC bought a new stake in HF Sinclair in the fourth quarter valued at $55,000. Finally, CI Investments Inc. boosted its holdings in shares of HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after acquiring an additional 187 shares during the period. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on DINO. BMO Capital Markets lowered their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Scotiabank lifted their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Morgan Stanley set a $69.00 target price on shares of HF Sinclair in a research note on Monday. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research note on Friday, March 27th. Finally, TD Cowen lifted their price target on HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $66.73.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $71.79 on Tuesday. The stock has a market cap of $12.94 billion, a P/E ratio of 10.80 and a beta of 0.72. The firm’s 50-day simple moving average is $58.12 and its 200 day simple moving average is $53.93. HF Sinclair Corporation has a fifty-two week low of $31.38 and a fifty-two week high of $71.91. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 12.06%. HF Sinclair’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. Equities analysts expect that HF Sinclair Corporation will post 7.11 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be issued a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

HF Sinclair Profile

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.