Louisiana State Employees Retirement System Acquires New Stake in HF Sinclair Corporation $DINO

Louisiana State Employees Retirement System acquired a new stake in HF Sinclair Corporation (NYSE:DINO) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 45,300 shares of the company’s stock, valued at approximately $2,826,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. NFJ Investment Group LLC lifted its position in shares of HF Sinclair by 1,275.3% during the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after purchasing an additional 1,737,318 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in shares of HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after purchasing an additional 903,177 shares during the last quarter. Merewether Investment Management LP acquired a new stake in HF Sinclair in the 3rd quarter worth approximately $35,717,000. Finally, Renaissance Technologies LLC lifted its position in HF Sinclair by 75.1% during the 4th quarter. Renaissance Technologies LLC now owns 1,418,447 shares of the company’s stock worth $65,362,000 after acquiring an additional 608,472 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $68.21 on Monday. HF Sinclair Corporation has a 12 month low of $40.43 and a 12 month high of $74.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The firm has a market capitalization of $12.30 billion, a PE ratio of 10.26 and a beta of 0.72. The business’s fifty day moving average price is $67.71 and its 200 day moving average price is $58.47.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the previous year, the business earned ($0.27) EPS. On average, sell-side analysts anticipate that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.9%. HF Sinclair’s payout ratio is presently 30.08%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company boosted their price objective on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. UBS Group upped their price target on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Scotiabank lifted their price target on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd. Freedom Capital raised HF Sinclair to a “hold” rating in a research report on Friday, June 5th. Finally, Barclays upped their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and a consensus target price of $71.64.

Insider Activity

In related news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the transaction, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This represents a 18.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,736 shares of company stock valued at $954,694 over the last 90 days. Insiders own 0.26% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.