State of Michigan Retirement System Has $3.06 Million Position in HF Sinclair Co. (NYSE:DINO)

State of Michigan Retirement System increased its stake in shares of HF Sinclair Co. (NYSE:DINO) by 1.4% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 50,600 shares of the company’s stock after buying an additional 700 shares during the period. State of Michigan Retirement System’s holdings in HF Sinclair were worth $3,055,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Unison Advisors LLC boosted its stake in shares of HF Sinclair by 0.8% in the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after purchasing an additional 179 shares in the last quarter. Capital Advisors Wealth Management LLC increased its position in shares of HF Sinclair by 2.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after buying an additional 190 shares during the period. King Luther Capital Management Corp raised its stake in HF Sinclair by 0.3% during the fourth quarter. King Luther Capital Management Corp now owns 64,018 shares of the company’s stock worth $3,557,000 after buying an additional 194 shares during the last quarter. Blue Trust Inc. grew its holdings in HF Sinclair by 30.9% during the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after acquiring an additional 224 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in HF Sinclair by 0.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,703 shares of the company’s stock worth $4,688,000 after purchasing an additional 275 shares during the period. 88.29% of the stock is owned by institutional investors.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers bought 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the acquisition, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DINO. Wells Fargo & Company cut their target price on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. JPMorgan Chase & Co. lowered their price target on shares of HF Sinclair from $61.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Mizuho decreased their price target on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Finally, Scotiabank increased their price objective on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research report on Thursday, April 11th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and an average price target of $64.25.

HF Sinclair Stock Performance

Shares of DINO stock opened at $53.58 on Wednesday. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. The company’s fifty day moving average price is $54.80 and its 200-day moving average price is $56.51. The stock has a market cap of $10.30 billion, a PE ratio of 6.63 and a beta of 1.20. HF Sinclair Co. has a 12 month low of $43.29 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.54 billion. During the same period last year, the business earned $2.00 EPS. HF Sinclair’s revenue was down 7.1% compared to the same quarter last year. On average, equities analysts expect that HF Sinclair Co. will post 5.64 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

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.