Dale Kunneman Sells 8,936 Shares of HF Sinclair (NYSE:DINO) Stock

HF Sinclair Corporation (NYSE:DINO) SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

HF Sinclair Trading Down 0.1%

NYSE DINO traded down $0.09 during trading hours on Thursday, hitting $82.89. The company’s stock had a trading volume of 2,367,180 shares, compared to its average volume of 3,090,143. HF Sinclair Corporation has a twelve month low of $42.82 and a twelve month high of $94.22. The firm has a market capitalization of $14.74 billion, a P/E ratio of 8.61 and a beta of 0.70. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. The stock has a fifty day moving average of $77.16 and a 200 day moving average of $65.62.

HF Sinclair (NYSE:DINO) last released its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. Equities research analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, August 11th. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.5%. HF Sinclair’s payout ratio is currently 19.08%.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new position in shares of HF Sinclair during the fourth quarter worth approximately $26,000. REAP Financial Group LLC bought a new stake in HF Sinclair in the 4th quarter valued at about $29,000. Clearstead Trust LLC acquired a new position in shares of HF Sinclair during the 2nd quarter worth approximately $33,000. Nalls Sherbakoff Group LLC acquired a new position in shares of HF Sinclair during the 4th quarter worth approximately $36,000. Finally, Fairway Wealth LLC bought a new position in shares of HF Sinclair during the first quarter worth approximately $41,000. 88.29% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. The Goldman Sachs Group reissued a “buy” rating and issued a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. UBS Group raised their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Finally, TD Cowen boosted their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HF Sinclair has an average rating of “Hold” and a consensus price target of $81.25.

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.