HF Sinclair (NYSE:DINO) SVP Sells $755,806.88 in Stock

Key Points

• HF Sinclair SVP Dale Kunneman sold 8,936 shares at an average price of $84.58, receiving $755,806.88. His remaining direct stake fell 17.35% to 42,561 shares.
• HF Sinclair reported a strong quarter, with EPS of $5.31 beating estimates by $0.82 and revenue rising 53.2% year over year to $10.39 billion. The company also raised its quarterly dividend to $0.525 per share, implying a 2.5% yield.
• DINO shares recently traded around $82.89, while analysts maintain a consensus “Hold” rating with an average price target of $81.25; institutional investors own approximately 88.29% of the stock.

HF Sinclair Corporation (NYSE:DINO - Get Free Report) SVP Dale Kunneman sold 8,936 shares of the business's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $0.09 during trading on Thursday, reaching $82.89. The company's stock had a trading volume of 2,367,180 shares, compared to its average volume of 3,090,143. HF Sinclair Corporation has a one year low of $42.82 and a one year high of $94.22. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm has a market cap of $14.74 billion, a price-to-earnings ratio of 8.61 and a beta of 0.70. The business's fifty day moving average price is $77.16 and its 200-day moving average price is $65.62.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same quarter last year, the firm posted $1.10 EPS. The company's revenue was up 53.2% on a year-over-year basis. As a group, equities research analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a dividend of $0.525 per share. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is currently 19.08%.

Wall Street Analyst Weigh In

DINO has been the subject of a number of research reports. The Goldman Sachs Group reiterated a "buy" rating and issued a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Raymond James Financial set a $105.00 target price on HF Sinclair in a research report on Wednesday, July 29th. TD Cowen increased their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a "hold" rating in a research note on Tuesday, July 21st. Evercore initiated coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an "in-line" rating and a $85.00 target price on the stock. Finally, Mizuho increased their price target on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $81.25.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DINO. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair during the second quarter worth approximately $140,654,000. NFJ Investment Group LLC increased its holdings in shares of HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company's stock valued at $86,333,000 after purchasing an additional 1,737,318 shares in the last quarter. Invesco Ltd. lifted its holdings in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company's stock worth $101,910,000 after buying an additional 994,090 shares in the last quarter. Victory Capital Management Inc. lifted its holdings in HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company's stock worth $82,712,000 after buying an additional 903,177 shares in the last quarter. Finally, Merewether Investment Management LP bought a new position in HF Sinclair in the 3rd quarter valued at $35,717,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.

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