HF Sinclair Sees Unusually High Options Volume (NYSE:DINO)

HF Sinclair Corporation (NYSE:DINO) was the recipient of some unusual options trading on Monday. Stock traders purchased 28,641 call options on the stock. This is an increase of 503% compared to the typical daily volume of 4,747 call options.

Insider Transactions at HF Sinclair

In related news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 13,736 shares of company stock worth $954,694 over the last 90 days. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently made changes to their positions in DINO. V Square Quantitative Management LLC acquired a new position in HF Sinclair during the fourth quarter worth $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $29,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair in the 4th quarter valued at $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair during the first quarter worth about $41,000. Finally, State of Wyoming acquired a new position in HF Sinclair during the second quarter worth approximately $41,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Wells Fargo & Company lifted their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Raymond James Financial raised their price target on shares of HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Freedom Capital raised shares of HF Sinclair to a “hold” rating in a report on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $71.55.

HF Sinclair Price Performance

Shares of DINO traded up $2.79 during trading hours on Monday, hitting $71.08. 1,410,355 shares of the stock were exchanged, compared to its average volume of 2,671,902. HF Sinclair has a 12-month low of $40.68 and a 12-month high of $74.72. The company has a market cap of $12.81 billion, a price-to-earnings ratio of 10.69 and a beta of 0.72. The stock’s 50-day moving average price is $67.71 and its two-hundred day moving average price is $58.47. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period last year, the firm posted ($0.27) earnings per share. Research analysts expect that HF Sinclair will post 8.9 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. HF Sinclair’s dividend payout ratio is currently 30.08%.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.