Public Sector Pension Investment Board Has $1.18 Million Stake in HF Sinclair Co. (NYSE:DINO)

Public Sector Pension Investment Board reduced its holdings in HF Sinclair Co. (NYSE:DINO) by 3.5% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 22,135 shares of the company’s stock after selling 799 shares during the quarter. Public Sector Pension Investment Board’s holdings in HF Sinclair were worth $1,181,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB grew its holdings in HF Sinclair by 424.5% in the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock valued at $11,037,000 after buying an additional 148,208 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of HF Sinclair by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after acquiring an additional 1,549,091 shares during the last quarter. Cetera Advisors LLC bought a new position in HF Sinclair during the first quarter worth $1,146,000. Oppenheimer & Co. Inc. raised its stake in HF Sinclair by 99.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after purchasing an additional 18,886 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in HF Sinclair in the 1st quarter valued at $3,891,000. 88.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on DINO. Wolfe Research began coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. JPMorgan Chase & Co. upped their price target on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, August 19th. Morgan Stanley decreased their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. UBS Group cut their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Finally, Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $59.73.

HF Sinclair Stock Performance

NYSE:DINO opened at $44.23 on Wednesday. The stock has a market capitalization of $8.50 billion, a P/E ratio of 5.47 and a beta of 1.18. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. HF Sinclair Co. has a 1 year low of $43.88 and a 1 year high of $64.16. The firm has a 50 day moving average of $47.08 and a 200-day moving average of $52.51.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the previous year, the company posted $2.60 EPS. The business’s revenue for the quarter was up .2% compared to the same quarter last year. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.84 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.52%. HF Sinclair’s dividend 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.