HF Sinclair (NYSE:DINO) SVP Dale Kunneman Sells 8,936 Shares

HF Sinclair Corporation (NYSE:DINO) SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

HF Sinclair Price Performance

HF Sinclair stock opened at $82.89 on Friday. 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 business has a fifty day moving average of $77.16 and a two-hundred day moving average of $65.62. The company has a market cap of $14.74 billion, a P/E ratio of 7.91 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business’s revenue was up 53.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.10 EPS. As a group, analysts predict that HF Sinclair Corporation will post 11.85 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued 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 yield of 2.5%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair’s payout ratio is presently 19.08%.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in HF Sinclair in the fourth quarter valued at $26,000. REAP Financial Group LLC acquired a new stake in HF Sinclair in the 4th quarter worth about $29,000. Clearstead Trust LLC acquired a new stake in HF Sinclair in the 2nd quarter worth about $33,000. Nalls Sherbakoff Group LLC purchased a new stake in HF Sinclair in the 4th quarter valued at about $36,000. Finally, Fairway Wealth LLC purchased a new stake in HF Sinclair in the 1st quarter valued at about $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on DINO shares. Scotiabank increased their target price on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. TD Cowen boosted their price target on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Evercore assumed coverage on HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. Finally, Barclays lifted their price objective on HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $81.25.

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.