Rhoman Hardy Buys 1,508 Shares of HF Sinclair (NYSE:DINO) Stock

HF Sinclair Corporation (NYSE:DINO) Director Rhoman Hardy acquired 1,508 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This trade represents a 11.15% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

HF Sinclair Price Performance

Shares of HF Sinclair stock traded down $0.72 during trading hours on Tuesday, reaching $66.53. The stock had a trading volume of 1,980,530 shares, compared to its average volume of 2,684,785. The stock’s 50 day moving average is $66.40 and its 200 day moving average is $57.55. The firm has a market capitalization of $11.99 billion, a PE ratio of 10.00 and a beta of 0.72. HF Sinclair Corporation has a twelve month low of $40.09 and a twelve month high of $74.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. Equities analysts expect that HF Sinclair Corporation will post 8.53 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 paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. HF Sinclair’s payout ratio is currently 30.08%.

Institutional Trading of HF Sinclair

Several large investors have recently bought and sold shares of the business. Parallel Advisors LLC grew its stake in HF Sinclair by 19.1% during the 1st quarter. Parallel Advisors LLC now owns 5,678 shares of the company’s stock valued at $354,000 after acquiring an additional 909 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in HF Sinclair during the 1st quarter valued at about $580,000. South Dakota Investment Council grew its stake in HF Sinclair by 94.9% during the 1st quarter. South Dakota Investment Council now owns 28,621 shares of the company’s stock valued at $1,786,000 after acquiring an additional 13,935 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in HF Sinclair by 19.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,335 shares of the company’s stock valued at $520,000 after acquiring an additional 1,381 shares in the last quarter. Finally, California State Teachers Retirement System grew its stake in HF Sinclair by 22.9% during the 1st quarter. California State Teachers Retirement System now owns 185,360 shares of the company’s stock valued at $11,565,000 after acquiring an additional 34,564 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

DINO has been the subject of several research analyst reports. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Barclays upped their price target on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Wells Fargo & Company upped their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. Finally, The Goldman Sachs Group restated a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $71.64.

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.