HF Sinclair Co. (NYSE:DINO) CFO Acquires $168,850.00 in Stock

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov acquired 5,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.

HF Sinclair Trading Up 0.3 %

NYSE:DINO opened at $33.76 on Friday. HF Sinclair Co. has a 52-week low of $33.51 and a 52-week 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. The stock has a fifty day simple moving average of $40.82 and a 200-day simple moving average of $45.90. The company has a market capitalization of $6.35 billion, a PE ratio of 20.84 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during 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%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.06 earnings per share. On average, equities research analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors have recently made changes to their positions in DINO. Matrix Trust Co increased its position in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of HF Sinclair during the third quarter worth about $27,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the period. Finally, Millburn Ridgefield Corp acquired a new stake in HF Sinclair during the third quarter worth approximately $50,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DINO has been the subject of several recent analyst reports. Piper Sandler reduced their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Scotiabank reduced their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. TD Cowen reduced their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Barclays dropped their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $51.45.

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.