Retirement Systems of Alabama Purchases 1,085 Shares of HF Sinclair Corporation $DINO

Retirement Systems of Alabama boosted its position in HF Sinclair Corporation (NYSE:DINO) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 195,738 shares of the company’s stock after purchasing an additional 1,085 shares during the quarter. Retirement Systems of Alabama owned approximately 0.10% of HF Sinclair worth $8,041,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its position in shares of HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after buying an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. lifted its position in HF Sinclair by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company’s stock valued at $194,888,000 after acquiring an additional 415,206 shares during the period. AQR Capital Management LLC boosted its stake in HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after acquiring an additional 2,609,857 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in HF Sinclair by 1.5% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock worth $83,638,000 after acquiring an additional 36,592 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in HF Sinclair by 207.5% in the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after purchasing an additional 1,329,408 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $51.61 on Monday. The company has a market cap of $9.65 billion, a price-to-earnings ratio of -112.18 and a beta of 1.00. The business’s fifty day simple moving average is $52.07 and its two-hundred day simple moving average is $43.89. HF Sinclair Corporation has a 12 month low of $24.66 and a 12 month high of $55.63. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the prior year, the company posted $0.51 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Research analysts anticipate that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Wednesday, November 19th. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DINO shares. Barclays lifted their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Wells Fargo & Company assumed coverage on HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective for the company. Wolfe Research downgraded HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. Wall Street Zen cut HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HF Sinclair in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $58.36.

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.