Key Points
- HF Sinclair director Manuel Fernandez sold 635 shares on June 2 at an average price of $73.09, worth about $46,412. After the sale, he still held 16,543 shares, a 3.7% reduction in his position.
- The company recently reported better-than-expected quarterly results, posting EPS of $0.69 versus analysts’ estimate of a loss, while revenue rose 11.8% year over year to $7.12 billion.
- HF Sinclair also paid a quarterly dividend of $0.50 per share, equal to an annualized yield of about 2.7%, and analysts currently rate the stock a Moderate Buy with a consensus target price of $70.82.
HF Sinclair Corporation (NYSE:DINO - Get Free Report) Director Manuel Fernandez sold 635 shares of the company's stock in a transaction dated 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 directly owned 16,543 shares of the company's stock, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
HF Sinclair Stock Performance
NYSE DINO opened at $73.28 on Thursday. The firm has a market cap of $13.21 billion, a price-to-earnings ratio of 11.02 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. The business has a 50-day moving average price of $65.03 and a 200-day moving average price of $56.62. HF Sinclair Corporation has a twelve month low of $35.29 and a twelve month high of $74.72.
HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data 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. 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 analyst estimates of $6.83 billion. During the same quarter in the prior year, the company posted ($0.27) earnings per share. The business's quarterly revenue was up 11.8% compared to the same quarter last year. As a group, equities research analysts predict that HF Sinclair Corporation will post 8.7 EPS for the current fiscal year.
HF Sinclair Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair's payout ratio is 30.08%.
Analyst Upgrades and Downgrades
Several research firms have recently commented on DINO. Scotiabank boosted their target price on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a "sector perform" rating in a report on Wednesday, April 22nd. Argus raised shares of HF Sinclair to a "hold" rating in a report on Tuesday, February 24th. UBS Group boosted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, May 5th. Barclays increased their price target on HF Sinclair from $61.00 to $71.00 and gave the company an "equal weight" rating in a research note on Monday, May 4th. Finally, Wells Fargo & Company increased their price target on HF Sinclair from $58.00 to $67.00 and gave the company an "equal weight" rating in a research note on Tuesday, March 31st. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus target price of $70.82.
Check Out Our Latest Research Report on HF Sinclair
Hedge Funds Weigh In On HF Sinclair
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. NFJ Investment Group LLC boosted its stake in HF Sinclair by 1,275.3% during the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company's stock valued at $86,333,000 after buying an additional 1,737,318 shares during the last quarter. Invesco Ltd. boosted its stake in HF Sinclair by 104.3% during the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company's stock valued at $101,910,000 after buying an additional 994,090 shares during the last quarter. Victory Capital Management Inc. lifted its stake 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 valued at $82,712,000 after purchasing an additional 903,177 shares during the last quarter. Merewether Investment Management LP bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $35,717,000. Finally, First Trust Advisors LP lifted 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 purchasing an additional 640,455 shares during the last quarter. 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.
Read More
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].
