VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in HF Sinclair Corporation (NYSE:DINO - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm bought 12,950 shares of the company's stock, valued at approximately $902,000.

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Several other institutional investors have also added to or reduced their stakes in the business. Kingsview Wealth Management LLC lifted its position in HF Sinclair by 1,451.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company's stock valued at $2,827,000 after purchasing an additional 57,391 shares during the last quarter. BlackRock Inc. bought a new position in shares of HF Sinclair in the second quarter worth approximately $1,291,602,000. Jefferies Financial Group Inc. bought a new position in shares of HF Sinclair in the fourth quarter worth approximately $6,194,000. Energy Income Partners LLC purchased a new position in shares of HF Sinclair in the second quarter worth $5,210,000. Finally, Hillsdale Investment Management Inc. increased its stake in shares of HF Sinclair by 317.9% in the fourth quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company's stock worth $3,871,000 after buying an additional 63,900 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other HF Sinclair news, Director Rhoman Hardy acquired 1,508 shares of the company's stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the completion of the transaction, the director directly owned 15,037 shares of the company's stock, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 0.26% of the company's stock.

Analyst Ratings Changes

• This Energy Stock Has Quietly Soared 130% in a Year

DINO has been the subject of several analyst reports. Morgan Stanley increased their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the company an "overweight" rating in a research report on Friday, June 12th. Evercore initiated coverage on shares of HF Sinclair in a research report on Friday, July 17th. They issued an "in-line" rating and a $85.00 price objective on the stock. TD Cowen upped their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a "hold" rating in a research note on Tuesday, July 21st. The Goldman Sachs Group reissued a "buy" rating and issued a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Finally, Wells Fargo & Company raised their target price on HF Sinclair from $67.00 to $93.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 1st. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.25.

Get Our Latest Analysis on HF Sinclair

HF Sinclair Trading Up 0.2%

Shares of NYSE DINO opened at $108.10 on Monday. The firm has a 50-day moving average of $91.96 and a 200 day moving average of $73.77. HF Sinclair Corporation has a 1 year low of $45.71 and a 1 year high of $112.17. The stock has a market cap of $19.22 billion, a P/E ratio of 10.31 and a beta of 0.71. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter in the prior year, the business posted $1.10 EPS. The firm's quarterly revenue was up 53.2% compared to the same quarter last year. As a group, sell-side analysts expect that HF Sinclair Corporation will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th were given a $0.525 dividend. This is a boost from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 1.9%. HF Sinclair's payout ratio is currently 20.04%.

About HF Sinclair

(Free Report)

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.

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Want to see what other hedge funds are holding DINO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for HF Sinclair Corporation (NYSE:DINO - Free Report).

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