Dale Kunneman Sells 8,936 Shares of HF Sinclair (NYSE:DINO) Stock

HF Sinclair Corporation (NYSE:DINO) SVP Dale Kunneman sold 8,936 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

HF Sinclair Price Performance

DINO stock opened at $81.46 on Friday. The stock’s 50 day moving average is $77.39 and its two-hundred day moving average is $65.73. HF Sinclair Corporation has a 52-week low of $42.82 and a 52-week high of $94.22. The company has a market capitalization of $14.48 billion, a PE ratio of 7.77 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

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

HF Sinclair Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DINO. Raymond James Financial set a $105.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Morgan Stanley boosted their price objective on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. TD Cowen upped their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Evercore started coverage on HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and a consensus price target of $81.25.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the business. Goldman Sachs Group Inc. grew its holdings in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares during the last quarter. Focus Partners Wealth lifted its holdings in shares of HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after purchasing an additional 8,102 shares during the last quarter. Amundi boosted its position in HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after purchasing an additional 12,387 shares during the period. Jump Financial LLC acquired a new position in HF Sinclair during the 2nd quarter valued at approximately $209,000. Finally, Cerity Partners LLC grew its stake in HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after buying an additional 29,635 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

About HF Sinclair

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.