HF Sinclair (NYSE:DINO) Director Manuel Fernandez Sells 635 Shares of Stock

HF Sinclair Corporation (NYSE:DINO) Director Manuel Fernandez sold 635 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This represents a 3.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

HF Sinclair Stock Up 0.1%

DINO stock opened at $73.28 on Thursday. HF Sinclair Corporation has a 1-year low of $35.29 and a 1-year high of $74.72. The business has a fifty day moving average price of $65.03 and a 200-day moving average price of $56.62. 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 stock has a market capitalization of $13.21 billion, a P/E ratio of 11.02 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.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 previous year, the business earned ($0.27) earnings per share. The company’s revenue was up 11.8% on a year-over-year basis. Equities analysts forecast that HF Sinclair Corporation will post 8.7 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. HF Sinclair’s payout ratio is currently 30.08%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on DINO shares. Barclays boosted their price target on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday, May 4th. Morgan Stanley set a $69.00 price objective on HF Sinclair in a research report on Monday, May 4th. Raymond James Financial upped their price objective on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. Piper Sandler reduced their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Finally, BMO Capital Markets dropped their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $70.82.

Institutional Trading of HF Sinclair

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

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.