Insider Buying: HF Sinclair Co. (NYSE:DINO) CFO Acquires 7,000 Shares of Stock

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov acquired 7,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $34.70 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $6.53 billion, a PE ratio of 21.42 and a beta of 1.20. The stock’s 50 day moving average price is $41.31 and its 200-day moving average price is $46.18. HF Sinclair Co. has a twelve month low of $34.58 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the firm earned $4.06 earnings per share. The business’s revenue was down 19.1% on a year-over-year basis. On average, equities analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.76%. HF Sinclair’s payout ratio is currently 123.46%.

Institutional Trading of HF Sinclair

Several hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC grew its position in shares of HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after acquiring an additional 226 shares during the period. Empirical Finance LLC lifted its stake in HF Sinclair by 1.2% in the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after purchasing an additional 228 shares during the last quarter. Fifth Third Bancorp grew its holdings in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 shares during the period. Matrix Trust Co increased its position in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the last quarter. Finally, iA Global Asset Management Inc. raised its stake in shares of HF Sinclair by 7.5% in the second quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock valued at $260,000 after buying an additional 342 shares during the period. Institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the subject of several research reports. Morgan Stanley reduced their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Mizuho reduced their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday. Barclays decreased their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. BMO Capital Markets dropped their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Finally, TD Cowen decreased their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, HF Sinclair has an average rating of “Hold” and an average target price of $51.45.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.