HF Sinclair Corporation (NYSE:DINO – Get Free Report) saw unusually large options trading on Tuesday. Investors bought 28,256 put options on the stock. This represents an increase of 479% compared to the average daily volume of 4,882 put options.
Insider Activity at HF Sinclair
In related news, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the completion of the sale, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 13,736 shares of company stock valued at $954,694 over the last three months. Insiders own 0.26% of the company’s stock.
Hedge Funds Weigh In On HF Sinclair
Several institutional investors and hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $26,000. REAP Financial Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at $29,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at $36,000. Fairway Wealth LLC bought a new position in HF Sinclair during the 1st quarter valued at $41,000. Finally, State of Wyoming bought a new position in HF Sinclair during the 2nd quarter valued at $41,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
HF Sinclair Stock Up 0.7%
HF Sinclair (NYSE:DINO – Get Free Report) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.27) EPS. As a group, analysts forecast that HF Sinclair will post 9.89 earnings per share for the current fiscal year.
HF Sinclair Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.4%. HF Sinclair’s payout ratio is currently 30.08%.
Analysts Set New Price Targets
Several equities analysts recently weighed in on the stock. Raymond James Financial restated a “strong-buy” rating on shares of HF Sinclair in a report on Monday. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Wells Fargo & Company raised their price objective on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Barclays boosted their price objective on HF Sinclair from $71.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Morgan Stanley upped their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.27.
View Our Latest Analysis on HF Sinclair
HF Sinclair News Summary
Here are the key news stories impacting HF Sinclair this week:
- Positive Sentiment: Raymond James raised its price target on HF Sinclair (DINO) to $95 from $87 and reiterated a strong-buy view, implying meaningful upside versus recent trading levels. Benzinga / The Fly
- Neutral Sentiment: Zacks highlighted HF Sinclair as a top-ranked momentum stock and separately questioned whether the shares remain undervalued, reinforcing the stock’s recent strength and investor interest. Zacks: Top-Ranked Momentum Stock Zacks: Undervalued Right Now?
- Neutral Sentiment: Another Zacks note said HF Sinclair has reached a 52-week high and asked whether investors should take profits, signaling that momentum remains strong but valuation may be drawing more scrutiny. Zacks: Soars to 52-Week High
- Neutral Sentiment: Barclays also lifted its target to $81 from $71, but kept an equal-weight rating, suggesting a more cautious stance than Raymond James. Benzinga / The Fly
- Negative Sentiment: Unusually heavy put option buying signals some traders are hedging against a pullback in HF Sinclair (DINO), which can weigh on sentiment even after recent gains.
HF Sinclair Company Profile
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.
See Also
- Five stocks we like better than HF Sinclair
- 3 Energy Stocks Racing to Fix AI’s Power Problem
- No Space For Panic: T-Mobile Shrugs Off The Starlink Threat
- Prepare for the Next Wave of Factory Automation With These 3 Standout Names
- These 3 Water ETFs Could be Quiet Winners From Infrastructure Spending
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.
