Manuel Fernandez Sells 635 Shares of HF Sinclair (NYSE:DINO) Stock

HF Sinclair Corporation (NYSE:DINO) Director Manuel Fernandez sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This trade represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

HF Sinclair Trading Down 0.9%

Shares of HF Sinclair stock opened at $72.70 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. HF Sinclair Corporation has a 52 week low of $35.29 and a 52 week high of $74.72. The stock has a 50 day moving average price of $65.26 and a two-hundred day moving average price of $56.73. The stock has a market capitalization of $13.10 billion, a PE ratio of 10.93 and a beta of 0.72.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DINO shares. Raymond James Financial raised their target price on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Morgan Stanley set a $69.00 target price on HF Sinclair in a report on Monday, May 4th. Wells Fargo & Company raised their target price on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $81.00 target price on shares of HF Sinclair in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $70.82.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently made changes to their positions in DINO. V Square Quantitative Management LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth $26,000. REAP Financial Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth $29,000. Nalls Sherbakoff Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth $36,000. Fairway Wealth LLC bought a new stake in shares of HF Sinclair during the 1st quarter worth $41,000. Finally, State of Wyoming bought a new stake in shares of HF Sinclair during the 2nd quarter worth $41,000. 88.29% of the stock is currently owned by institutional investors.

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.