California Public Employees Retirement System Has $19.31 Million Stock Position in HF Sinclair Corporation $DINO

California Public Employees Retirement System lifted its stake in shares of HF Sinclair Corporation (NYSE:DINO) by 7.7% during the first quarter, HoldingsChannel reports. The firm owned 309,538 shares of the company’s stock after acquiring an additional 22,013 shares during the quarter. California Public Employees Retirement System’s holdings in HF Sinclair were worth $19,312,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at $26,000. REAP Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter worth $29,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair during the fourth quarter worth $36,000. Fairway Wealth LLC bought a new stake in HF Sinclair during the first quarter worth $41,000. Finally, State of Wyoming acquired a new stake in HF Sinclair in the second quarter valued at $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price objective on shares of HF Sinclair from $81.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore began coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price for the company. UBS Group lifted their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Freedom Capital raised HF Sinclair to a “hold” rating in a research report on Friday, June 5th. Finally, Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $79.08.

Insiders Place Their Bets

In other news, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director owned 16,543 shares in the company, valued at $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the sale, the executive vice president owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 13,736 shares of company stock worth $954,694 in the last 90 days. Corporate insiders own 0.26% of the company’s stock.

HF Sinclair Trading Down 2.1%

DINO stock opened at $89.00 on Friday. HF Sinclair Corporation has a one year low of $42.16 and a one year high of $93.66. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 13.38 and a beta of 0.72. The company has a fifty day moving average price of $73.39 and a two-hundred day moving average price of $62.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company’s revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) earnings per share. Equities analysts anticipate that HF Sinclair Corporation will post 10.81 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 2.2%. HF Sinclair’s dividend payout ratio is 30.08%.

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.