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

HF Sinclair Co. (NYSE:DINO - Get Free Report) Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

HF Sinclair Price Performance

Shares of NYSE DINO traded up $0.39 during midday trading on Friday, reaching $35.25. 15,189,549 shares of the company were exchanged, compared to its average volume of 3,065,122. The stock's 50-day moving average price is $36.08 and its 200-day moving average price is $40.82. The stock has a market cap of $6.64 billion, a P/E ratio of 42.99 and a beta of 1.22. HF Sinclair Co. has a one year low of $33.47 and a one 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 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). The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.67%. HF Sinclair's payout ratio is presently 243.90%.

Analyst Ratings Changes

Several brokerages have recently commented on DINO. Wells Fargo & Company cut shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Barclays lowered 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 report on Monday, January 13th. TD Cowen lowered their target price on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Finally, Mizuho decreased their price objective 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. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $51.00.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of DINO. Total Wealth Planning & Management Inc. acquired a new position in shares of HF Sinclair during the fourth quarter worth $348,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HF Sinclair during the fourth quarter worth $7,146,000. Forum Financial Management LP lifted its holdings in shares of HF Sinclair by 7.2% during the fourth quarter. Forum Financial Management LP now owns 6,345 shares of the company's stock worth $222,000 after purchasing an additional 424 shares during the period. Toronto Dominion Bank lifted its holdings in shares of HF Sinclair by 6.7% during the fourth quarter. Toronto Dominion Bank now owns 21,838 shares of the company's stock worth $765,000 after purchasing an additional 1,377 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new position in shares of HF Sinclair during the fourth quarter worth $1,740,000. Institutional investors own 88.29% of the company's stock.

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.