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

HF Sinclair Corporation (NYSE:DINO) CFO Vivek Garg sold 717 shares of the firm’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 transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

HF Sinclair Stock Down 3.9%

NYSE DINO opened at $68.37 on Friday. HF Sinclair Corporation has a 12 month low of $34.42 and a 12 month high of $74.72. The company has a market capitalization of $12.32 billion, a P/E ratio of 10.28 and a beta of 0.72. The company’s 50 day simple moving average is $62.88 and its 200 day simple moving average is $55.59. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the firm posted ($0.27) earnings per share. Equities research analysts expect that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.

Institutional Investors Weigh In On HF Sinclair

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

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of recent analyst reports. UBS Group increased their price target on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, May 5th. Wells Fargo & Company boosted their price objective on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. TD Cowen upped their price objective on shares of HF Sinclair from $68.00 to $80.00 and gave the company a “hold” rating in a research note on Monday, May 4th. Morgan Stanley set a $69.00 target price on shares of HF Sinclair in a research report on Monday, May 4th. Finally, The Goldman Sachs Group restated a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a report on Wednesday, May 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average 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.