AMF Tjanstepension AB Makes New Investment in HF Sinclair Co. (NYSE:DINO)

AMF Tjanstepension AB purchased a new stake in shares of HF Sinclair Co. (NYSE:DINO) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 230,209 shares of the company’s stock, valued at approximately $13,898,000. AMF Tjanstepension AB owned about 0.12% of HF Sinclair as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC purchased a new stake in HF Sinclair in the first quarter worth approximately $26,000. Principal Securities Inc. purchased a new stake in HF Sinclair during the fourth quarter valued at approximately $30,000. Riverview Trust Co bought a new position in HF Sinclair in the first quarter worth approximately $31,000. Pingora Partners LLC purchased a new position in shares of HF Sinclair during the 4th quarter worth $35,000. Finally, Baystate Wealth Management LLC bought a new stake in shares of HF Sinclair during the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Mizuho decreased their target price on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, June 20th. Piper Sandler lowered their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their target price for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Wells Fargo & Company lowered their price target on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Finally, Scotiabank increased their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $64.75.

HF Sinclair Trading Up 1.1 %

Shares of DINO opened at $53.29 on Friday. HF Sinclair Co. has a fifty-two week low of $43.29 and a fifty-two week high of $64.16. 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’s fifty day moving average is $54.95 and its 200 day moving average is $56.48. The stock has a market capitalization of $10.24 billion, a PE ratio of 6.60 and a beta of 1.25.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.00 EPS. Sell-side analysts expect that HF Sinclair Co. will post 5.64 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 annualized dividend and a yield of 3.75%. HF Sinclair’s payout ratio is 24.75%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the purchase, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

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.