Key Points
- HF Sinclair EVP Valerie Pompa sold 10,000 shares on May 15 at an average price of $69.05, generating about $690,500 and reducing her direct ownership by 18.83%.
- The company recently posted strong quarterly results, reporting EPS of $0.69 versus expectations of a loss and revenue of $7.12 billion, up 11.8% year over year.
- HF Sinclair also announced a quarterly dividend of $0.50 per share, implying a 2.8% annualized yield, while analysts currently rate the stock a Moderate Buy with a consensus target price of $69.91.
HF Sinclair Corporation (NYSE:DINO - Get Free Report) EVP Valerie Pompa sold 10,000 shares of the firm's stock in a transaction on Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the sale, the executive vice president directly owned 43,098 shares of the company's stock, valued at $2,975,916.90. This represents a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
HF Sinclair Trading Up 0.6%
DINO stock opened at $70.44 on Tuesday. The business has a fifty day moving average price of $61.89 and a 200 day moving average price of $55.22. HF Sinclair Corporation has a fifty-two week low of $34.42 and a fifty-two week high of $74.72. The stock has a market capitalization of $12.70 billion, a price-to-earnings ratio of 10.59 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 - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates 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 period last year, the firm posted ($0.27) EPS. The business's revenue was up 11.8% on a year-over-year basis. Analysts expect that HF Sinclair Corporation will post 8.9 EPS for the current fiscal year.
HF Sinclair Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, May 11th. HF Sinclair's dividend payout ratio (DPR) is presently 30.08%.
Institutional Investors Weigh In On HF Sinclair
Several institutional investors have recently modified their holdings of DINO. Goldman Sachs Group Inc. grew its position in shares of HF Sinclair by 14.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company's stock worth $30,899,000 after buying an additional 119,832 shares during the period. Focus Partners Wealth grew its stake in shares of HF Sinclair by 71.7% during the first quarter. Focus Partners Wealth now owns 19,400 shares of the company's stock worth $638,000 after purchasing an additional 8,102 shares during the period. Amundi grew its stake in shares of HF Sinclair by 7.7% during the second quarter. Amundi now owns 174,199 shares of the company's stock worth $7,588,000 after purchasing an additional 12,387 shares during the period. Jump Financial LLC acquired a new stake in shares of HF Sinclair during the second quarter worth $209,000. Finally, Cerity Partners LLC grew its stake in shares of HF Sinclair by 25.7% during the second quarter. Cerity Partners LLC now owns 145,047 shares of the company's stock worth $5,959,000 after purchasing an additional 29,635 shares during the period. Institutional investors and hedge funds own 88.29% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have weighed in on DINO shares. Zacks Research upgraded shares of HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 27th. The Goldman Sachs Group restated a "buy" rating and issued a $81.00 price objective on shares of HF Sinclair in a research report on Wednesday, May 6th. BMO Capital Markets lowered their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an "outperform" rating for the company in a research report on Monday, February 23rd. Raymond James Financial lifted their target price on HF Sinclair from $66.00 to $75.00 and gave the company a "strong-buy" rating in a research note on Wednesday, March 25th. Finally, Wall Street Zen raised HF Sinclair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $69.91.
View Our Latest Stock Report on DINO
HF Sinclair Company Profile
(
Get Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
