Atanas H. Atanasov Acquires 5,000 Shares of HF Sinclair Co. (NYSE:DINO) Stock

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

HF Sinclair Trading Down 3.0 %

HF Sinclair stock traded down $1.03 during trading on Thursday, reaching $33.67. The company had a trading volume of 2,827,641 shares, compared to its average volume of 2,016,357. HF Sinclair Co. has a 12-month low of $33.52 and a 12-month high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock’s 50 day moving average price is $41.06 and its two-hundred day moving average price is $46.09. The firm has a market capitalization of $6.34 billion, a price-to-earnings ratio of 20.78 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the firm posted $4.06 EPS. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, equities analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is currently 123.46%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of HF Sinclair in the third quarter worth $134,000. World Investment Advisors LLC acquired a new position in shares of HF Sinclair during the third quarter worth about $654,000. Pine Valley Investments Ltd Liability Co acquired a new stake in shares of HF Sinclair in the third quarter valued at about $5,927,000. Virtu Financial LLC purchased a new stake in shares of HF Sinclair during the 3rd quarter valued at about $298,000. Finally, TD Private Client Wealth LLC lifted its position in HF Sinclair by 51.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,938 shares of the company’s stock worth $176,000 after acquiring an additional 1,331 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on DINO shares. UBS Group reduced their price target 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. Barclays reduced their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. BMO Capital Markets lowered their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Scotiabank decreased their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $51.45.

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.