HF Sinclair Co. (NYSE:DINO) CFO Purchases 7,000 Shares

HF Sinclair Co. (NYSE:DINO - Get Free Report) CFO Atanas H. Atanasov acquired 7,000 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

HF Sinclair Stock Performance

DINO traded down $1.85 on Monday, reaching $35.60. The company had a trading volume of 2,484,263 shares, compared to its average volume of 2,001,652. The stock has a 50-day moving average price of $41.69 and a 200-day moving average price of $46.40. The stock has a market capitalization of $6.70 billion, a PE ratio of 21.98 and a beta of 1.20. HF Sinclair Co. has a 1 year low of $35.47 and a 1 year high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's payout ratio is currently 123.46%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. Morgan Stanley decreased their price target on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. UBS Group cut their target price on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Barclays dropped their target price on 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. Finally, BMO Capital Markets decreased their price target on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a research note on Friday, October 4th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, HF Sinclair presently has an average rating of "Hold" and a consensus target price of $53.00.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. Wealth Enhancement Advisory Services LLC raised its position in HF Sinclair by 399.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company's stock worth $3,108,000 after acquiring an additional 46,586 shares in the last quarter. Blue Trust Inc. boosted its holdings in HF Sinclair by 42.5% during the second quarter. Blue Trust Inc. now owns 3,092 shares of the company's stock worth $165,000 after buying an additional 922 shares in the last quarter. Neo Ivy Capital Management acquired a new position in HF Sinclair during the second quarter worth about $806,000. Fifth Third Bancorp increased its holdings in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company's stock valued at $227,000 after buying an additional 267 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in shares of HF Sinclair during the 2nd quarter valued at approximately $250,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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.