Key Points
- Director Rhoman Hardy bought 1,508 shares of HF Sinclair stock at an average price of $66.32, increasing his holdings by 11.15% to 15,037 shares, worth about $997,254.
- HF Sinclair recently reported better-than-expected quarterly earnings, posting $0.69 EPS versus an expected loss and generating $7.12 billion in revenue, up 11.8% year over year.
- The company also paid a quarterly dividend of $0.50 per share, equal to an annualized yield of 3.0%, while analysts currently rate the stock a consensus Hold with an average target price of $71.64.
HF Sinclair Corporation (NYSE:DINO - Get Free Report) Director Rhoman Hardy purchased 1,508 shares of the business's stock in a transaction on Tuesday, June 16th. The shares were bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. The trade was a 11.15% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
HF Sinclair Price Performance
Shares of NYSE DINO opened at $66.53 on Wednesday. HF Sinclair Corporation has a twelve month low of $40.09 and a twelve month high of $74.72. The stock's 50 day moving average price is $66.52 and its 200-day moving average price is $57.65. The company has a market capitalization of $11.99 billion, a PE ratio of 10.00 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 (NYSE:DINO - Get Free Report) last announced its 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. 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 for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the business earned ($0.27) EPS. The company's revenue was up 11.8% compared to the same quarter last year. On average, equities analysts anticipate that HF Sinclair Corporation will post 8.9 EPS for the current year.
HF Sinclair Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 3.0%. HF Sinclair's payout ratio is presently 30.08%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC purchased a new position in HF Sinclair in the fourth quarter worth $26,000. REAP Financial Group LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $29,000. Fairway Wealth LLC purchased a new stake in HF Sinclair during the first quarter valued at about $41,000. Nalls Sherbakoff Group LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $36,000. Finally, Main Street Group LTD purchased a new stake in HF Sinclair during the first quarter valued at about $54,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have issued reports on the stock. Scotiabank boosted their target price on shares of HF Sinclair from $53.00 to $54.00 and gave the company a "sector perform" rating in a report on Wednesday, April 22nd. 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 report on Monday, February 23rd. Barclays boosted their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the company an "equal weight" rating in a report on Monday, May 4th. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the company an "equal weight" rating in a report on Tuesday, March 31st. Finally, Weiss Ratings raised shares of HF Sinclair from a "hold (c)" rating to a "buy (b-)" rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $71.64.
Get Our Latest Research Report on HF Sinclair
HF Sinclair Company Profile
(
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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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