Insider Buying: HF Sinclair Co. (NYSE:DINO) Director Acquires $193,800.00 in Stock

HF Sinclair Co. (NYSE:DINO) Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink.

HF Sinclair Stock Up 5.8 %

NYSE:DINO opened at $42.31 on Thursday. The company’s 50-day simple moving average is $44.65 and its 200-day simple moving average is $49.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The stock has a market capitalization of $7.96 billion, a P/E ratio of 26.12 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. During the same period last year, the firm earned $4.06 earnings per share. On average, equities analysts anticipate that HF Sinclair Co. will post 2.34 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.73%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Poehling Capital Management INC. increased its holdings in shares of HF Sinclair by 0.3% during the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after acquiring an additional 203 shares in the last quarter. V Square Quantitative Management LLC increased its stake in HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after purchasing an additional 226 shares in the last quarter. Empirical Finance LLC raised its holdings in shares of HF Sinclair by 1.2% in the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after buying an additional 228 shares during the last quarter. Fifth Third Bancorp lifted its stake in shares of HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after buying an additional 267 shares during the period. Finally, Matrix Trust Co grew its holdings in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after buying an additional 317 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have commented on DINO. JPMorgan Chase & Co. dropped their target price on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 2nd. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. UBS Group lowered their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Finally, Wells Fargo & Company decreased their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $54.45.

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.