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

HF Sinclair Co. (NYSE:DINO - Get Free Report) CFO Atanas H. Atanasov purchased 5,000 shares of the business's stock in a transaction 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 purchase, the chief financial officer now owns 78,927 shares of the company's stock, valued at $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

HF Sinclair Stock Performance

DINO stock traded down $1.03 during trading on Thursday, hitting $33.67. The company had a trading volume of 2,827,641 shares, compared to its average volume of 2,016,357. The firm has a 50-day moving average price of $41.06 and a 200-day moving average price of $46.09. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.34 billion, a PE ratio of 20.78 and a beta of 1.20. HF Sinclair Co. has a 1-year low of $33.52 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for 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%. HF Sinclair's revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the company posted $4.06 EPS. On average, analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

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

Hedge Funds Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently added to or reduced their stakes in DINO. Pacer Advisors Inc. increased its holdings in shares of HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock valued at $415,249,000 after purchasing an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC increased its holdings in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock valued at $147,873,000 after buying an additional 997,629 shares in the last quarter. Squarepoint Ops LLC lifted its position in shares of HF Sinclair by 90.2% during the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock valued at $45,315,000 after acquiring an additional 402,793 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock valued at $306,665,000 after acquiring an additional 399,988 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $12,001,000. Institutional investors and hedge funds own 88.29% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on DINO shares. JPMorgan Chase & Co. cut their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday. Barclays reduced their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. Wells Fargo & Company downgraded shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Morgan Stanley reduced their price target on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target 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.

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