Insider Buying: HF Sinclair Co. (NYSE:DINO) Director Purchases 5,000 Shares of Stock

HF Sinclair Co. (NYSE:DINO) Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % 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 Stock Down 5.5 %

Shares of HF Sinclair stock traded down $2.00 during trading hours on Wednesday, reaching $34.49. The company’s stock had a trading volume of 3,168,795 shares, compared to its average volume of 2,742,616. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock’s fifty day simple moving average is $36.03 and its two-hundred day simple moving average is $41.07. The company has a market capitalization of $6.50 billion, a P/E ratio of 42.06 and a beta of 1.22. HF Sinclair Co. has a one year low of $33.47 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is currently 243.90%.

Analyst Ratings Changes

DINO has been the subject of several research analyst reports. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho cut their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. UBS Group lowered their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Barclays cut their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $51.00.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP purchased a new stake in shares of HF Sinclair in the third quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair in the 4th quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in HF Sinclair in the 4th quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair during the 4th quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after buying an additional 327 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.