Mediolanum International Funds Ltd Takes Position in HF Sinclair Co. (NYSE:DINO)

Mediolanum International Funds Ltd bought a new position in shares of HF Sinclair Co. (NYSE:DINO) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,637 shares of the company’s stock, valued at approximately $693,000.

Several other institutional investors also recently bought and sold shares of DINO. Rise Advisors LLC purchased a new position in shares of HF Sinclair during the first quarter valued at about $26,000. Principal Securities Inc. bought a new stake in HF Sinclair in the 4th quarter worth approximately $30,000. Riverview Trust Co purchased a new stake in shares of HF Sinclair during the 1st quarter worth approximately $31,000. Pingora Partners LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $35,000. Finally, Baystate Wealth Management LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $37,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Franklin Myers bought 6,500 shares of the stock in a transaction on Monday, May 20th. The stock was acquired at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

HF Sinclair Trading Down 3.0 %

HF Sinclair stock traded down $1.45 during mid-day trading on Wednesday, hitting $47.53. The company’s stock had a trading volume of 3,025,490 shares, compared to its average volume of 2,006,582. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The company has a 50 day moving average of $54.22 and a 200-day moving average of $56.29. HF Sinclair Co. has a one year low of $45.45 and a one year high of $64.16. The stock has a market cap of $9.13 billion, a PE ratio of 5.88 and a beta of 1.19.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same period in the prior year, the business posted $2.00 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, research analysts anticipate that HF Sinclair Co. will post 5.21 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DINO. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price objective for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Wells Fargo & Company dropped their price target on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, June 6th. JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 2nd. Scotiabank lifted their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Finally, Piper Sandler decreased their price target on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $63.83.

HF Sinclair 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.