HF Sinclair (NYSE:DINO) CFO Sells $51,545.13 in Stock

HF Sinclair Corporation (NYSE:DINO) CFO Vivek Garg sold 717 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at $824,937.75. This represents a 5.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

HF Sinclair Stock Performance

NYSE:DINO traded down $2.75 during trading hours on Thursday, reaching $68.37. 1,803,676 shares of the stock were exchanged, compared to its average volume of 2,786,515. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The firm has a 50 day simple moving average of $62.57 and a 200-day simple moving average of $55.47. HF Sinclair Corporation has a 52 week low of $34.42 and a 52 week high of $74.72. The stock has a market capitalization of $12.32 billion, a P/E ratio of 10.28 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last released its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping 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 company had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter last year, the business posted ($0.27) EPS. HF Sinclair’s quarterly revenue was up 11.8% compared to the same quarter last year. As a group, sell-side analysts forecast that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have commented on DINO shares. Barclays increased their target price on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Mizuho increased their target price on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. TD Cowen increased their target price on HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Finally, Raymond James Financial increased their target price on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 25th. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

Institutional Trading of HF Sinclair

Several hedge funds have recently made changes to their positions in DINO. Goldman Sachs Group Inc. lifted its holdings in shares of HF Sinclair by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $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 lifted its holdings in shares of HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after purchasing an additional 12,387 shares during the last quarter. Jump Financial LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $209,000. Finally, Cerity Partners LLC lifted its holdings in shares of HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock worth $5,959,000 after purchasing an additional 29,635 shares during the last quarter. Institutional investors 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.