Public Employees Retirement Association of Colorado Has $976,000 Stock Position in HF Sinclair Co. (NYSE:DINO)

Public Employees Retirement Association of Colorado lowered its stake in shares of HF Sinclair Co. (NYSE:DINO) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,295 shares of the company’s stock after selling 268 shares during the period. Public Employees Retirement Association of Colorado’s holdings in HF Sinclair were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in shares of HF Sinclair during the first quarter worth about $26,000. Principal Securities Inc. bought a new stake in shares of HF Sinclair during the fourth quarter worth about $30,000. Riverview Trust Co bought a new stake in shares of HF Sinclair during the first quarter worth about $31,000. Innealta Capital LLC bought a new stake in shares of HF Sinclair during the second quarter worth about $34,000. Finally, Pingora Partners LLC bought a new stake in shares of HF Sinclair during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of several recent research reports. Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Morgan Stanley reduced their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Barclays upped their price objective on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Monday, August 5th. Finally, UBS Group reduced their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Stock Down 1.9 %

DINO opened at $44.85 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 5.55 and a beta of 1.18. HF Sinclair Co. has a twelve month low of $44.07 and a twelve month high of $64.16. The company’s 50-day moving average price is $47.44 and its two-hundred day moving average price is $52.97.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. HF Sinclair’s revenue was up .2% compared to the same quarter last year. During the same period in the prior year, the company posted $2.60 EPS. As a group, equities analysts expect that HF Sinclair Co. will post 3.69 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is currently 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.