HF Sinclair (NYSE:DINO) Director Sells $46,412.15 in Stock

HF Sinclair Corporation (NYSE:DINO) Director Manuel Fernandez sold 635 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This represents a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

HF Sinclair Price Performance

Shares of DINO stock opened at $71.38 on Friday. HF Sinclair Corporation has a twelve month low of $36.65 and a twelve month high of $74.72. The stock has a market capitalization of $12.87 billion, a price-to-earnings ratio of 10.73 and a beta of 0.72. The stock has a fifty day simple moving average of $65.47 and a two-hundred day simple moving average of $56.84. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last issued its 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 business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.27) EPS. On average, analysts predict that HF Sinclair Corporation will post 8.77 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DINO. Goldman Sachs Group Inc. increased its position in HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares in the last quarter. Focus Partners Wealth increased its position in HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after buying an additional 8,102 shares in the last quarter. Amundi increased its position in HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after buying an additional 12,387 shares in the last quarter. Jump Financial LLC acquired a new position in HF Sinclair during the 2nd quarter valued at about $209,000. Finally, Cerity Partners LLC increased its position in HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after buying an additional 29,635 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on DINO. Mizuho reissued a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. The Goldman Sachs Group reissued a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Piper Sandler reduced their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Finally, Scotiabank boosted their price target on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $70.82.

HF Sinclair Company Profile

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.