HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov Buys 5,000 Shares of Stock

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

HF Sinclair Price Performance

Shares of DINO stock opened at $33.67 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair Co. has a fifty-two week low of $33.52 and a fifty-two week high of $64.16. The firm has a market cap of $6.34 billion, a P/E ratio of 20.78 and a beta of 1.20. The business’s 50 day moving average price is $41.06 and its 200-day moving average price is $46.09.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the business posted $4.06 earnings per share. The firm’s revenue for the quarter was down 19.1% compared to the same quarter last year. On average, equities research analysts anticipate that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.94%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio is currently 123.46%.

Institutional Trading of HF Sinclair

Several institutional investors and hedge funds have recently bought and sold shares of DINO. Matrix Trust Co grew its holdings in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after acquiring an additional 317 shares during the period. Capital Performance Advisors LLP purchased a new stake in HF Sinclair in the third quarter worth $27,000. Innealta Capital LLC purchased a new stake in HF Sinclair in the second quarter worth $34,000. Massmutual Trust Co. FSB ADV raised its holdings in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in HF Sinclair during the third quarter valued at $50,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DINO has been the subject of a number of research reports. Barclays cut their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Morgan Stanley dropped their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, UBS Group decreased their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.45.

HF Sinclair Company Profile

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.