Key Points
- HF Sinclair SVP Matthew Joyce sold 2,384 shares on May 26 at an average price of $69.73, reducing his ownership by 13.88% to 14,797 shares.
- The company beat first-quarter expectations, reporting EPS of $0.69 versus a loss estimate 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 2.9% yield and a 30.08% payout ratio.
HF Sinclair Corporation (NYSE:DINO - Get Free Report) SVP Matthew Joyce sold 2,384 shares of the firm's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares of the company's stock, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
HF Sinclair Stock Down 1.8%
Shares of NYSE:DINO opened at $68.66 on Wednesday. The firm has a market cap of $12.38 billion, a P/E ratio of 10.32 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. HF Sinclair Corporation has a 12-month low of $35.10 and a 12-month high of $74.72. The business has a fifty day simple moving average of $63.66 and a 200 day simple moving average of $55.93.
HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair's revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period last year, the company earned ($0.27) EPS. Analysts predict that HF Sinclair Corporation will post 8.9 earnings per share for the current year.
HF Sinclair Announces Dividend
The business also recently announced 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 currently 30.08%.
Analyst Ratings Changes
Several research analysts recently issued reports on the company. Scotiabank raised their target price on HF Sinclair from $53.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 22nd. Mizuho lifted their price objective on HF Sinclair from $63.00 to $69.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 17th. Barclays lifted their price objective on HF Sinclair from $61.00 to $71.00 and gave the stock an "equal weight" rating in a research report on Monday, May 4th. UBS Group lifted their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, May 5th. Finally, Morgan Stanley set a $69.00 price objective on HF Sinclair in a research report on Monday, May 4th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of "Moderate Buy" and an average price target of $69.91.
Get Our Latest Stock Analysis on DINO
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in DINO. NFJ Investment Group LLC raised its position in shares of HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company's stock worth $86,333,000 after acquiring an additional 1,737,318 shares in the last quarter. Invesco Ltd. raised its position in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company's stock worth $101,910,000 after acquiring an additional 994,090 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of HF Sinclair by 101.3% in the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company's stock worth $82,712,000 after acquiring an additional 903,177 shares in the last quarter. Merewether Investment Management LP acquired a new stake in shares of HF Sinclair in the 3rd quarter valued at about $35,717,000. Finally, First Trust Advisors LP grew its stake in shares of HF Sinclair by 161.5% in the 1st quarter. First Trust Advisors LP now owns 1,037,059 shares of the company's stock valued at $64,702,000 after buying an additional 640,455 shares during the period. 88.29% of the stock is owned by institutional investors.
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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