Police & Firemen s Retirement System of New Jersey Grows Position in HF Sinclair Corporation $DINO

Police & Firemen s Retirement System of New Jersey grew its position in shares of HF Sinclair Corporation (NYSE:DINO) by 7.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 59,467 shares of the company’s stock after acquiring an additional 3,906 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in HF Sinclair were worth $2,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after buying an additional 2,609,857 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of HF Sinclair by 1,633.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock valued at $55,730,000 after acquiring an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the period. Millennium Management LLC grew its stake in HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after purchasing an additional 1,329,408 shares during the period. Finally, Nuveen LLC bought a new position in HF Sinclair in the 1st quarter valued at $25,051,000. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on DINO. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 10th. UBS Group lifted their price target on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. The Goldman Sachs Group increased their price objective on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Morgan Stanley upped their price target on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Finally, Raymond James Financial reissued a “strong-buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a report on Friday, October 17th. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $59.18.

HF Sinclair Price Performance

HF Sinclair stock opened at $56.21 on Wednesday. The firm has a market capitalization of $10.34 billion, a P/E ratio of -122.20 and a beta of 0.99. HF Sinclair Corporation has a one year low of $24.66 and a one year high of $56.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The business has a fifty day moving average price of $52.94 and a 200-day moving average price of $45.94.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be paid a $0.50 dividend. The ex-dividend date is Wednesday, November 19th. This represents a $2.00 annualized dividend and a yield of 3.6%. HF Sinclair’s dividend payout ratio is currently 95.69%.

About HF Sinclair

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.