HF Sinclair (NYSE:DINO) SVP Sells $166,236.32 in Stock

HF Sinclair Corporation (NYSE:DINO) SVP Matthew Joyce sold 2,384 shares of the business’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 value of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

HF Sinclair Trading Up 0.5%

NYSE:DINO opened at $68.41 on Friday. The firm has a market cap of $12.33 billion, a P/E ratio of 10.29 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The stock’s 50 day simple moving average is $64.09 and its 200-day simple moving average is $56.13. HF Sinclair Corporation has a 12-month low of $35.10 and a 12-month high of $74.72.

HF Sinclair (NYSE:DINO) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.27) earnings per share. Equities analysts anticipate that HF Sinclair Corporation will post 8.7 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. HF Sinclair’s payout ratio is presently 30.08%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Mizuho reaffirmed a “neutral” rating and set a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a report on Wednesday. UBS Group upped their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Scotiabank upped their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Piper Sandler dropped their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a report on Thursday, February 19th. Finally, Barclays upped their price objective on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $70.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC purchased a new stake in HF Sinclair during the fourth quarter worth $26,000. REAP Financial Group LLC purchased a new stake in HF Sinclair during the fourth quarter worth $29,000. Fairway Wealth LLC purchased a new stake in HF Sinclair during the first quarter worth $41,000. Nalls Sherbakoff Group LLC purchased a new stake in HF Sinclair during the fourth quarter worth $36,000. Finally, Main Street Group LTD purchased a new stake in HF Sinclair during the first quarter worth $54,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.