Key Points
- HF Sinclair CFO Vivek Garg sold 717 shares on May 19 at an average price of $71.89, totaling about $51,545. After the sale, he still held 11,475 shares, a 5.88% reduction in ownership.
- The company beat earnings expectations in its latest quarterly report, posting $0.69 EPS versus a consensus loss estimate, while revenue of $7.12 billion also topped forecasts. Revenue rose 11.8% year over year.
- HF Sinclair declared a quarterly dividend of $0.50 per share, payable June 2, implying an annualized yield of 2.9%. Analysts currently rate the stock a “Moderate Buy” with a consensus target price of $69.91.
HF Sinclair Corporation (NYSE:DINO - Get Free Report) CFO Vivek Garg sold 717 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares of the company's stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
HF Sinclair Stock Performance
Shares of NYSE DINO opened at $68.37 on Friday. 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 Corporation has a one year low of $34.42 and a one year high of $74.72. The business's 50-day moving average price is $62.88 and its two-hundred day moving average price is $55.59. The company has a market capitalization of $12.32 billion, a P/E ratio of 10.28 and a beta of 0.72.
HF Sinclair (NYSE:DINO - Get Free Report) last posted 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. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business's quarterly revenue was up 11.8% on a year-over-year basis. During the same period last year, the business earned ($0.27) EPS. Analysts anticipate that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.
HF Sinclair Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors of record on Monday, May 11th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair's dividend payout ratio (DPR) is presently 30.08%.
Institutional Trading of HF Sinclair
Several large investors have recently modified their holdings of DINO. Bull Harbor Capital LLC bought a new position in HF Sinclair in the 1st quarter worth $580,000. South Dakota Investment Council boosted its holdings in HF Sinclair by 94.9% during the first quarter. South Dakota Investment Council now owns 28,621 shares of the company's stock valued at $1,786,000 after acquiring an additional 13,935 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of HF Sinclair by 19.9% in the first quarter. EverSource Wealth Advisors LLC now owns 8,335 shares of the company's stock valued at $520,000 after purchasing an additional 1,381 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of HF Sinclair by 22.9% in the first quarter. California State Teachers Retirement System now owns 185,360 shares of the company's stock worth $11,565,000 after purchasing an additional 34,564 shares during the period. Finally, Empowered Funds LLC increased its stake in shares of HF Sinclair by 88.6% in the first quarter. Empowered Funds LLC now owns 202,057 shares of the company's stock worth $12,606,000 after purchasing an additional 94,908 shares during the period. 88.29% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms have commented on DINO. Barclays boosted their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Monday, May 4th. Scotiabank lifted their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the company a "sector perform" rating in a research note on Wednesday, April 22nd. Morgan Stanley set a $69.00 price objective on shares of HF Sinclair in a report on Monday, May 4th. BMO Capital Markets lowered their target price on shares of HF Sinclair from $65.00 to $60.00 and set an "outperform" rating on the stock in a research report on Monday, February 23rd. Finally, Wells Fargo & Company boosted their price target on HF Sinclair from $58.00 to $67.00 and gave the stock an "equal weight" rating in a research report on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, HF Sinclair presently has an average rating of "Moderate Buy" and a consensus target price of $69.91.
Read Our Latest Report on DINO
About HF Sinclair
(
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.
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