New York State Teachers Retirement System Reduces Stock Position in HF Sinclair Co. (NYSE:DINO)

New York State Teachers Retirement System cut its stake in HF Sinclair Co. (NYSE:DINO) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 174,522 shares of the company’s stock after selling 12,892 shares during the period. New York State Teachers Retirement System owned approximately 0.09% of HF Sinclair worth $6,117,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair during the 4th quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its stake in shares of HF Sinclair by 68.0% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after purchasing an additional 558 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in shares of HF Sinclair during the 3rd quarter worth approximately $50,000. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair during the 3rd quarter worth approximately $55,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

DINO opened at $37.83 on Thursday. The company has a 50-day moving average of $36.02 and a 200-day moving average of $41.37. The company has a market capitalization of $7.12 billion, a P/E ratio of 23.35 and a beta of 1.22. HF Sinclair Co. has a 1-year low of $33.47 and a 1-year high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DINO. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. TD Cowen dropped their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Mizuho dropped their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Barclays decreased their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and a consensus price target of $51.00.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.28% of the company’s stock.

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.