HF Sinclair Co. (NYSE:DINO) Director Franklin Myers Acquires 5,000 Shares of Stock

HF Sinclair Co. (NYSE:DINO) Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

HF Sinclair Trading Down 5.5 %

NYSE:DINO opened at $34.49 on Thursday. The stock has a fifty day moving average price of $36.03 and a two-hundred day moving average price of $41.03. The stock has a market capitalization of $6.50 billion, a price-to-earnings ratio of 42.06 and a beta of 1.22. 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 1 year low of $33.47 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is currently 243.90%.

Institutional Trading of HF Sinclair

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after buying an additional 367 shares during the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after buying an additional 379 shares during the last quarter. Deroy & Devereaux Private Investment Counsel Inc. boosted its stake in HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after buying an additional 390 shares during the last quarter. Finally, Evergreen Private Wealth LLC boosted its stake in HF Sinclair by 1.5% in the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after buying an additional 392 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DINO shares. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Mizuho cut their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Barclays cut their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group lowered their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $51.00.

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.