Generali Asset Management SPA SGR Takes $140,000 Position in HF Sinclair Co. (NYSE:DINO)

Generali Asset Management SPA SGR acquired a new stake in shares of HF Sinclair Co. (NYSE:DINO) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 3,988 shares of the company’s stock, valued at approximately $140,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after acquiring an additional 367 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its stake in HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after acquiring an additional 390 shares during the last quarter. Evergreen Private Wealth LLC raised its stake in shares of HF Sinclair by 1.5% during the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock valued at $938,000 after buying an additional 392 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of HF Sinclair by 33.4% during the 4th quarter. IFP Advisors Inc now owns 1,666 shares of the company’s stock valued at $58,000 after buying an additional 417 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.0 %

DINO stock opened at $33.54 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair Co. has a 12-month low of $29.85 and a 12-month high of $64.16. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13. The business’s 50-day moving average is $35.38 and its 200 day moving average is $39.28.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.96%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Mizuho reduced their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Morgan Stanley reduced their price objective on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $47.00.

HF Sinclair Company 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.