Insider Buying: HF Sinclair Co. (NYSE:DINO) Director Acquires $19,989.80 in Stock

HF Sinclair Co. (NYSE:DINO) Director Manuel J. Fernandez purchased 635 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $31.48 per share, for a total transaction of $19,989.80. Following the acquisition, the director now owns 14,235 shares of the company’s stock, valued at approximately $448,117.80. The trade was a 4.67 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $32.19 on Friday. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13. HF Sinclair Co. has a 12 month low of $29.85 and a 12 month high of $64.16. The stock’s 50 day moving average price is $35.85 and its 200 day moving average price is $40.35. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Equities research analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.50 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.21%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DINO. Southeastern Asset Management Inc. TN bought a new position in shares of HF Sinclair in the fourth quarter valued at $96,344,000. Balyasny Asset Management L.P. grew its position in HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after purchasing an additional 1,593,875 shares in the last quarter. Norges Bank purchased a new position in HF Sinclair during the 4th quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC grew its position in HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after purchasing an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP grew its position in HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after purchasing an additional 1,096,485 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Mizuho cut their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler reaffirmed an “overweight” rating and set a $49.00 price target on shares of HF Sinclair in a report on Friday. TD Cowen cut their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $51.00.

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.