VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in HF Sinclair Corporation (NYSE:DINO – Free Report) by 5.3% in the 4th quarter, HoldingsChannel reports. The firm owned 363,850 shares of the company’s stock after acquiring an additional 18,450 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in HF Sinclair were worth $16,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Convergence Investment Partners LLC bought a new position in shares of HF Sinclair during the 3rd quarter valued at about $1,408,000. Citigroup Inc. boosted its holdings in shares of HF Sinclair by 41.4% during the 3rd quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after purchasing an additional 130,338 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of HF Sinclair by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after purchasing an additional 560,194 shares during the last quarter. Pacific Heights Asset Management LLC boosted its holdings in shares of HF Sinclair by 16.7% during the 3rd quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the company’s stock valued at $18,319,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its position in HF Sinclair by 498.2% in the third quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock worth $2,674,000 after purchasing an additional 42,552 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
HF Sinclair Stock Down 2.8%
Shares of NYSE DINO opened at $69.35 on Thursday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a market cap of $12.50 billion, a P/E ratio of 10.43 and a beta of 0.72. HF Sinclair Corporation has a 1 year low of $34.42 and a 1 year high of $74.72. The firm has a 50-day simple moving average of $61.06 and a two-hundred day simple moving average of $54.89.
HF Sinclair Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.9%. HF Sinclair’s dividend payout ratio (DPR) is presently 30.08%.
Wall Street Analyst Weigh In
DINO has been the topic of several research reports. Piper Sandler reduced their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Mizuho increased their price objective on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. UBS Group increased their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Finally, Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $69.91.
Read Our Latest Stock Report on HF Sinclair
About HF Sinclair
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.
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