Key Points
- HF Sinclair SVP Dale Kunneman sold 8,936 shares at an average price of $84.58, generating $755,806.88 and reducing his direct position by 17.35% to 42,561 shares.
- The company reported quarterly EPS of $5.31, surpassing estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion.
- HF Sinclair increased its quarterly dividend from $0.50 to $0.525 per share, implying an annualized payout of $2.10 and a 2.5% yield; analysts’ consensus rating remains “Hold”.
HF Sinclair Corporation (NYSE:DINO - Get Free Report) SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares of the company's stock, valued at $3,599,809.38. This trade represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
HF Sinclair Stock Down 0.1%
Shares of DINO opened at $82.89 on Friday. The firm has a market cap of $14.74 billion, a PE ratio of 7.91 and a beta of 0.70. The company's fifty day moving average is $77.16 and its two-hundred day moving average is $65.62. HF Sinclair Corporation has a fifty-two week low of $42.82 and a fifty-two week high of $94.22. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.
HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business's quarterly revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.10 EPS. Analysts forecast that HF Sinclair Corporation will post 11.85 earnings per share for the current year.
HF Sinclair Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued a $0.525 dividend. The ex-dividend date is Tuesday, August 11th. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a yield of 2.5%. HF Sinclair's payout ratio is 19.08%.
Hedge Funds Weigh In On HF Sinclair
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DINO. V Square Quantitative Management LLC acquired a new stake in shares of HF Sinclair during the fourth quarter valued at about $26,000. REAP Financial Group LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth about $29,000. Clearstead Trust LLC acquired a new position in shares of HF Sinclair in the second quarter worth about $33,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair in the fourth quarter valued at about $36,000. Finally, Fairway Wealth LLC purchased a new position in HF Sinclair in the first quarter valued at about $41,000. 88.29% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on the company. UBS Group upped their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, May 5th. Raymond James Financial set a $105.00 price objective on HF Sinclair in a research note on Wednesday, July 29th. The Goldman Sachs Group reiterated a "buy" rating and set a $114.00 target price on shares of HF Sinclair in a report on Wednesday, July 29th. Scotiabank increased their target price on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a "sector perform" rating in a research report on Wednesday, April 22nd. Finally, Evercore began coverage on shares of HF Sinclair in a report on Friday, July 17th. They issued an "in-line" rating and a $85.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $81.25.
Check Out Our Latest Stock Report on HF Sinclair
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.
Further Reading
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