Insider Buying: HF Sinclair Co. (NYSE:DINO) Director Buys 5,000 Shares of Stock

HF Sinclair Co. (NYSE:DINO) Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

HF Sinclair Trading Up 5.8 %

Shares of DINO stock opened at $42.31 on Thursday. HF Sinclair Co. has a 1-year low of $38.25 and a 1-year high of $64.16. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 26.12 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $44.65 and a 200-day simple moving average of $49.48.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period in the prior year, the business posted $4.06 earnings per share. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. On average, equities research analysts expect that HF Sinclair Co. will post 2.34 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.73%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on DINO shares. Morgan Stanley cut their price objective 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. Scotiabank cut their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Mizuho dropped their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, Wolfe Research began coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and an average target price of $54.45.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently bought and sold shares of the company. Matrix Trust Co boosted its stake in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after acquiring an additional 317 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in HF Sinclair during the 3rd quarter worth $27,000. Innealta Capital LLC acquired a new stake in HF Sinclair during the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV grew its holdings 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 worth $37,000 after buying an additional 370 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in shares of HF Sinclair in the third quarter worth about $55,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

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.