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

HF Sinclair Corporation (NYSE:DINO) Director Rhoman Hardy acquired 1,508 shares of HF Sinclair stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the acquisition, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

HF Sinclair Trading Down 1.1%

Shares of NYSE:DINO opened at $66.53 on Wednesday. The business’s 50 day simple moving average is $66.52 and its 200 day simple moving average is $57.65. HF Sinclair Corporation has a 1 year low of $40.09 and a 1 year high of $74.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a market capitalization of $11.99 billion, a P/E ratio of 10.00 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data 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 firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter last year, the company earned ($0.27) EPS. The company’s revenue was up 11.8% on a year-over-year basis. On average, research analysts anticipate that HF Sinclair Corporation will post 8.9 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on DINO shares. Mizuho reiterated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research note on Wednesday, May 27th. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research note on Wednesday, May 6th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Morgan Stanley increased their price target on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Piper Sandler dropped their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and a consensus target price of $71.64.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after buying an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP increased its position in HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after buying an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after purchasing an additional 48,103 shares during the last quarter. State Street Corp boosted its stake in HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after purchasing an additional 22,150 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in HF Sinclair by 13.7% during the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after purchasing an additional 523,709 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

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.