Illinois Municipal Retirement Fund Buys 9,662 Shares of HF Sinclair Co. (NYSE:DINO)

Illinois Municipal Retirement Fund increased its holdings in HF Sinclair Co. (NYSE:DINO) by 42.9% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,202 shares of the company’s stock after buying an additional 9,662 shares during the period. Illinois Municipal Retirement Fund’s holdings in HF Sinclair were worth $1,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DINO. North Star Investment Management Corp. raised its position in shares of HF Sinclair by 4,990.9% in the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after buying an additional 549 shares in the last quarter. Baystate Wealth Management LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth $37,000. Blue Trust Inc. raised its position in HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after purchasing an additional 224 shares in the last quarter. Fortitude Family Office LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $56,000. Finally, CWM LLC raised its position in HF Sinclair by 18.4% during the third quarter. CWM LLC now owns 2,942 shares of the company’s stock valued at $168,000 after purchasing an additional 458 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DINO shares. TD Cowen raised their price target on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research report on Thursday, February 22nd. Scotiabank raised their price target on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research report on Thursday, April 11th. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Mizuho lowered their price target on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th. Finally, UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $65.42.

HF Sinclair Stock Down 0.6 %

NYSE DINO opened at $57.33 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. The stock has a market capitalization of $11.30 billion, a PE ratio of 6.91 and a beta of 1.28. HF Sinclair Co. has a 1 year low of $37.12 and a 1 year high of $64.16. The business’s 50-day moving average is $58.85 and its 200 day moving average is $56.36.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. The company had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. HF Sinclair’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the firm earned $2.97 earnings per share. Sell-side analysts forecast that HF Sinclair Co. will post 6.55 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, February 23rd. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.49%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.10%.

Insider Buying and Selling

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the transaction, the director now owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Franklin Myers bought 4,180 shares of HF Sinclair stock in a transaction on Monday, February 26th. The shares were purchased at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the acquisition, the director now owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now owns 9,828 shares in the company, valued at approximately $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

HF Sinclair Profile

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.