Matthew Joyce Sells 2,384 Shares of HF Sinclair (NYSE:DINO) Stock

HF Sinclair Corporation (NYSE:DINO) SVP Matthew Joyce sold 2,384 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

HF Sinclair Stock Performance

NYSE:DINO opened at $68.10 on Thursday. The company has a market cap of $12.28 billion, a price-to-earnings ratio of 10.24 and a beta of 0.72. HF Sinclair Corporation has a 1 year low of $35.10 and a 1 year high of $74.72. The stock’s 50 day simple moving average is $63.89 and its two-hundred day simple moving average is $56.04. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last posted its earnings results 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 the consensus estimate of $6.83 billion. During the same period in the prior year, the company earned ($0.27) EPS. The company’s quarterly revenue 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 firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.9%. HF Sinclair’s dividend payout ratio (DPR) is 30.08%.

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently made changes to their positions in the company. CI Investments Inc. raised its position in HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares during the period. Virtus Investment Advisers LLC grew its stake in shares of HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after buying an additional 210 shares during the last quarter. Unison Advisors LLC raised its holdings in shares of HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after buying an additional 218 shares during the period. Finally, Parallel Advisors LLC lifted its stake in shares of HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on DINO shares. TD Cowen upped their target price on shares of HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a research report on Monday, May 4th. Argus upgraded HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Mizuho restated a “neutral” rating and set a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a research report on Wednesday. Finally, Scotiabank raised their price objective on HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research note on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $70.82.

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.