HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov Buys 7,000 Shares

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov purchased 7,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded down $1.85 on Monday, reaching $35.60. The company’s stock had a trading volume of 1,972,820 shares, compared to its average volume of 1,997,729. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 52-week low of $35.47 and a 52-week high of $64.16. The stock’s 50-day moving average is $41.91 and its two-hundred day moving average is $46.52. The stock has a market capitalization of $6.70 billion, a P/E ratio of 22.23 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same quarter last year, the business earned $4.06 earnings per share. As a group, sell-side analysts forecast that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on DINO. Piper Sandler reduced their price objective 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. Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday. Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Finally, UBS Group reduced their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $53.00.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently made changes to their positions in the stock. Pacer Advisors Inc. raised its holdings in HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after buying an additional 626,755 shares during the period. Dimensional Fund Advisors LP raised its position in HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of HF Sinclair by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after purchasing an additional 165,313 shares in the last quarter. AQR Capital Management LLC boosted its position in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after buying an additional 175,925 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.