Insider Selling: HF Sinclair Corporation (NYSE:DINO) EVP Sells 11,000 Shares of Stock

Key Points

• HF Sinclair Corporation's EVP, Valerie Pompa, sold 11,000 shares for a total of $467,830, which decreased her ownership by 21.74%.
• The company reported $1.70 earnings per share, surpassing analysts’ estimates of $1.09, despite a 13.5% decline in revenue compared to the previous year.
• HF Sinclair plans to pay a quarterly dividend of $0.50 per share, reflecting an annualized yield of 4.6%.

HF Sinclair Corporation (NYSE:DINO - Get Free Report) EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

HF Sinclair Trading Up 3.3%

Shares of NYSE DINO traded up $1.40 during midday trading on Monday, reaching $43.76. 2,069,563 shares of the stock were exchanged, compared to its average volume of 2,980,766. The company has a market capitalization of $8.24 billion, a P/E ratio of -95.13 and a beta of 0.97. HF Sinclair Corporation has a 52-week low of $24.66 and a 52-week high of $49.92. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $41.33 and a 200-day moving average price of $36.19.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.09 by $0.61. The business had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company's quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 earnings per share. Equities research analysts expect that HF Sinclair Corporation will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.6%. HF Sinclair's dividend payout ratio is -434.78%.

Analyst Ratings Changes

A number of analysts recently weighed in on DINO shares. Scotiabank lifted their price target on HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price on the stock in a research report on Tuesday, July 15th. Wells Fargo & Company boosted their target price on HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. TD Cowen boosted their target price on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday. Finally, Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and an average target price of $49.45.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after buying an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. increased its stake in HF Sinclair by 7.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock worth $194,888,000 after acquiring an additional 415,206 shares during the last quarter. AQR Capital Management LLC increased its stake in HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock worth $163,951,000 after acquiring an additional 2,609,857 shares during the last quarter. First Trust Advisors LP increased its stake in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Finally, Southeastern Asset Management Inc. TN acquired a new stake in HF Sinclair during the fourth quarter worth about $96,344,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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.

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