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

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

Several other institutional investors have also recently made changes to their positions in the company. Cadence Wealth Management LLC raised its position in shares of HF Sinclair by 24.1% during the 4th quarter. Cadence Wealth Management LLC now owns 11,554 shares of the company’s stock valued at $405,000 after buying an additional 2,246 shares during the period. Corient Private Wealth LLC raised its position in HF Sinclair by 6.0% in the fourth quarter. Corient Private Wealth LLC now owns 33,339 shares of the company’s stock valued at $1,169,000 after purchasing an additional 1,896 shares during the period. Natixis Advisors LLC raised its position in HF Sinclair by 15.3% in the fourth quarter. Natixis Advisors LLC now owns 56,953 shares of the company’s stock valued at $1,996,000 after purchasing an additional 7,569 shares during the period. Commonwealth Equity Services LLC raised its position in HF Sinclair by 17.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 30,937 shares of the company’s stock valued at $1,084,000 after purchasing an additional 4,643 shares during the period. Finally, Thompson Siegel & Walmsley LLC raised its position in HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after purchasing an additional 1,126,825 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of 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. The firm has a fifty day moving average price of $35.38 and a 200 day moving average price of $39.28. The company has a market cap of $6.32 billion, a P/E ratio of 40.90 and a beta of 1.13. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16.

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

HF Sinclair Announces Dividend

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

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

DINO has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Morgan Stanley cut their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company boosted their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, TD Cowen dropped their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $47.00.

About HF Sinclair

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.