Vivek Garg Sells 717 Shares of HF Sinclair (NYSE:DINO) Stock

HF Sinclair Corporation (NYSE:DINO) CFO Vivek Garg sold 717 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

HF Sinclair Price Performance

DINO stock opened at $69.92 on Friday. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. HF Sinclair Corporation has a one year low of $34.77 and a one year high of $74.72. The firm has a market capitalization of $12.61 billion, a PE ratio of 10.51 and a beta of 0.72. The firm has a 50-day moving average of $63.15 and a two-hundred day moving average of $55.69.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data 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 net margin of 4.46% and a return on equity of 11.94%. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the firm earned ($0.27) earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. On average, analysts forecast that HF Sinclair Corporation will post 8.9 earnings per share for the current year.

HF Sinclair Dividend Announcement

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

Institutional Trading of HF Sinclair

Hedge funds have recently made changes to their positions in the stock. Convergence Investment Partners LLC acquired a new position in HF Sinclair during the third quarter valued at approximately $1,408,000. Citigroup Inc. grew its holdings in HF Sinclair by 41.4% during the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after purchasing an additional 130,338 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after purchasing an additional 560,194 shares during the last quarter. Dynamic Technology Lab Private Ltd grew its holdings in HF Sinclair by 498.2% during the third quarter. Dynamic Technology Lab Private Ltd now owns 51,094 shares of the company’s stock valued at $2,674,000 after purchasing an additional 42,552 shares during the last quarter. Finally, Algert Global LLC grew its holdings in HF Sinclair by 930.5% during the third quarter. Algert Global LLC now owns 368,708 shares of the company’s stock valued at $19,298,000 after purchasing an additional 332,928 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently issued reports on DINO. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group reissued a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Barclays increased their price target on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research report on Monday, May 4th. Morgan Stanley set a $69.00 price target on shares of HF Sinclair in a research report on Monday, May 4th. Finally, BMO Capital Markets reduced their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $69.91.

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.