HF Sinclair (NYSE:DINO) CAO Vivek Garg Sells 314 Shares

HF Sinclair Corporation (NYSE:DINO) CAO Vivek Garg sold 314 shares of the company’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $53.28, for a total transaction of $16,729.92. Following the sale, the chief accounting officer directly owned 3,609 shares of the company’s stock, valued at $192,287.52. This represents a 8.00% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

HF Sinclair Price Performance

Shares of NYSE:DINO traded up $0.33 during midday trading on Friday, hitting $53.96. The stock had a trading volume of 103,788 shares, compared to its average volume of 2,704,352. The company’s 50-day moving average price is $52.36 and its 200-day moving average price is $44.36. HF Sinclair Corporation has a fifty-two week low of $24.66 and a fifty-two week high of $55.63. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $9.93 billion, a P/E ratio of -117.11 and a beta of 0.99.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period last year, the firm posted $0.51 earnings per share. The firm’s quarterly revenue was up .6% compared to the same quarter last year. As a group, equities research analysts predict that HF Sinclair Corporation will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 19th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Wednesday, November 19th. HF Sinclair’s dividend payout ratio is currently 95.69%.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently made changes to their positions in DINO. Quent Capital LLC bought a new position in HF Sinclair during the 3rd quarter worth approximately $28,000. Kiker Wealth Management LLC bought a new stake in shares of HF Sinclair in the 2nd quarter valued at $32,000. Johnson Financial Group Inc. bought a new position in HF Sinclair during the second quarter worth $33,000. West Oak Capital LLC acquired a new position in HF Sinclair in the second quarter valued at $38,000. Finally, State of Wyoming bought a new stake in HF Sinclair during the second quarter valued at $41,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Raymond James Financial reiterated a “strong-buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. The Goldman Sachs Group raised their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Weiss Ratings reiterated a “hold (c-)” rating on shares of HF Sinclair in a research report on Wednesday, October 8th. Piper Sandler raised their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a research report on Thursday, September 11th. Finally, Wolfe Research cut shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $58.73.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.