HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov Acquires 7,000 Shares

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

HF Sinclair Trading Down 4.9 %

DINO stock opened at $35.60 on Tuesday. The business has a fifty day moving average price of $41.69 and a 200 day moving average price of $46.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a fifty-two week low of $35.47 and a fifty-two week high of $64.16. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 21.98 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period last year, the company posted $4.06 earnings per share. Analysts expect that HF Sinclair Co. will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. HF Sinclair’s payout ratio is 123.46%.

Institutional Trading of HF Sinclair

Several hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. lifted its holdings in HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after buying an additional 626,755 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after acquiring an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in HF Sinclair by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock valued at $218,163,000 after acquiring an additional 165,313 shares during the last quarter. AQR Capital Management LLC increased its position in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock worth $74,797,000 after purchasing an additional 175,925 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on DINO. Scotiabank reduced their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. BMO Capital Markets lowered their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Mizuho dropped their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. Finally, Barclays decreased their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.00.

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.