Insider Buying: HF Sinclair (NYSE:DINO) Director Purchases $100,010.56 in Stock

HF Sinclair Corporation (NYSE:DINO) Director Rhoman Hardy bought 1,508 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

HF Sinclair Stock Down 2.4%

DINO stock opened at $64.33 on Friday. The company has a fifty day moving average price of $66.69 and a 200 day moving average price of $57.83. HF Sinclair Corporation has a 12 month low of $40.09 and a 12 month high of $74.72. The company has a market cap of $11.60 billion, a price-to-earnings ratio of 9.67 and a beta of 0.72. 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 quarterly 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. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the prior year, the business earned ($0.27) EPS. HF Sinclair’s quarterly revenue was up 11.8% compared to the same quarter last year. Sell-side analysts expect that HF Sinclair Corporation will post 8.9 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of HF Sinclair by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after purchasing an additional 560,194 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after purchasing an additional 48,103 shares in the last quarter. State Street Corp increased its holdings in shares of HF Sinclair by 0.4% in the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after purchasing an additional 22,150 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of HF Sinclair by 13.7% in the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after purchasing an additional 523,709 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have commented on the company. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. BMO Capital Markets lowered their target price on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research note on Monday, February 23rd. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. UBS Group upped their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, HF Sinclair has an average rating of “Hold” and an average price target of $71.64.

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.