Investors Buy High Volume of Put Options on HF Sinclair (NYSE:DINO)

HF Sinclair Corporation (NYSE:DINO) was the recipient of unusually large options trading on Tuesday. Stock traders purchased 28,256 put options on the company. This is an increase of approximately 479% compared to the typical daily volume of 4,882 put options.

Key Stories Impacting HF Sinclair

Here are the key news stories impacting HF Sinclair this week:

• Positive Sentiment: Raymond James raised HF Sinclair’s price target to $95 from $87 and kept a strong-buy rating, signaling expectations for more upside. Benzinga
• Positive Sentiment: The stock was highlighted as a top-ranked momentum name and has risen 7.68% over the past week, which can reinforce bullish trader interest. Zacks
• Positive Sentiment: HF Sinclair reached a 52-week high, suggesting strong recent price momentum and improving market sentiment. Zacks
• Neutral Sentiment: Analysts remain mixed on the name, with one firm raising its target while Barclays lifted its target to $81 but kept an equal-weight view, leaving sentiment divided. The Globe and Mail
• Negative Sentiment: Unusually large put-option activity may indicate that some traders are positioning for downside or hedging against a pullback.

HF Sinclair Stock Up 1.6%

Shares of HF Sinclair stock opened at $83.00 on Wednesday. The business has a 50-day moving average of $70.88 and a 200-day moving average of $60.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a market capitalization of $14.96 billion, a PE ratio of 12.48 and a beta of 0.72. HF Sinclair has a 1-year low of $42.16 and a 1-year high of $83.14.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s revenue was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.27) earnings per share. As a group, equities analysts forecast that HF Sinclair will post 9.89 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the completion of the transaction, the executive vice president owned 43,098 shares in the company, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Vivek Garg sold 717 shares of the 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 completion of the transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at $824,937.75. This represents a 5.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,736 shares of company stock worth $954,694 over the last three months. 0.26% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

A number of hedge funds have recently made changes to their positions in DINO. Virtus Investment Advisers LLC boosted its position in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after purchasing an additional 195 shares during the last quarter. D.A. Davidson & CO. increased its holdings in HF Sinclair by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after purchasing an additional 210 shares during the last quarter. Unison Advisors LLC lifted its stake in HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after buying an additional 218 shares during the period. Parallel Advisors LLC raised its position in shares of HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after acquiring an additional 221 shares during the period. Finally, Blue Trust Inc. raised its holdings in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after purchasing an additional 228 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

DINO has been the topic of several recent research reports. Mizuho reaffirmed a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. Barclays upped their target price on HF Sinclair from $71.00 to $81.00 and gave the company an “equal weight” rating in a research note on Monday. The Goldman Sachs Group reiterated a “buy” rating and set a $81.00 target price on shares of HF Sinclair in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Freedom Capital raised HF Sinclair to a “hold” rating in a research note on Friday, June 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.27.

About HF Sinclair

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.