Rhoman Hardy Purchases 1,508 Shares of HF Sinclair (NYSE:DINO) Stock

HF Sinclair Corporation (NYSE:DINOGet Free Report) Director Rhoman Hardy bought 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

HF Sinclair Trading Down 1.0%

Shares of DINO stock opened at $65.91 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. HF Sinclair Corporation has a fifty-two week low of $40.09 and a fifty-two week high of $74.72. The company has a market cap of $11.88 billion, a PE ratio of 9.91 and a beta of 0.72. The stock’s fifty day moving average price is $66.61 and its two-hundred day moving average price is $57.75.

HF Sinclair (NYSE:DINOGet Free Report) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted ($0.27) EPS. HF Sinclair’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts predict that HF Sinclair Corporation will post 8.99 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CI Investments Inc. increased its position in HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after buying an additional 187 shares in the last quarter. Virtus Investment Advisers LLC increased its position in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares in the last quarter. D.A. Davidson & CO. increased its position in HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after buying an additional 210 shares in the last quarter. Unison Advisors LLC increased its position in HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after buying an additional 218 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after buying an additional 221 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on DINO shares. Piper Sandler lowered their target price on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Morgan Stanley upped their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Wells Fargo & Company upped their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Finally, TD Cowen lifted their target price on HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $71.64.

Get Our Latest Stock Analysis on DINO

About HF Sinclair

(Get Free Report)

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.

Further Reading

Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.