HF Sinclair (NYSE:DINO) SVP Sells $755,806.88 in Stock

HF Sinclair Corporation (NYSE:DINO) SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

HF Sinclair Price Performance

Shares of DINO opened at $81.46 on Friday. HF Sinclair Corporation has a one year low of $42.82 and a one year high of $94.22. The stock’s fifty day moving average is $77.39 and its 200-day moving average is $65.73. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm has a market capitalization of $14.48 billion, a price-to-earnings ratio of 7.77 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. Equities analysts anticipate that HF Sinclair Corporation will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.6%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. HF Sinclair’s payout ratio is 19.08%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in shares of HF Sinclair during the second quarter valued at $1,291,602,000. Bank of New York Mellon Corp purchased a new stake in HF Sinclair in the 2nd quarter worth about $140,654,000. NFJ Investment Group LLC lifted its stake in HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after acquiring an additional 1,737,318 shares in the last quarter. Invesco Ltd. boosted its position in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after acquiring an additional 994,090 shares during the period. Finally, Victory Capital Management Inc. boosted its position in HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after acquiring an additional 903,177 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DINO has been the subject of a number of research reports. Freedom Capital lowered HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. UBS Group boosted their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Barclays upped their price objective on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Scotiabank lifted their target price on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and an average price target of $81.25.

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.