Insider Selling: HF Sinclair (NYSE:DINO) CFO Sells $51,545.13 in Stock

HF Sinclair Corporation (NYSE:DINO) CFO Vivek Garg sold 717 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer directly owned 11,475 shares in the company, valued at $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

HF Sinclair Stock Up 2.2%

DINO stock opened at $69.92 on Friday. The firm’s fifty day simple moving average is $63.15 and its 200-day simple moving average is $55.69. The company has a market capitalization of $12.61 billion, a P/E ratio of 10.51 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair Corporation has a 12 month low of $34.77 and a 12 month high of $74.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) EPS. As a group, equities research analysts forecast that HF Sinclair Corporation will post 8.9 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s dividend payout ratio is 30.08%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on DINO shares. Morgan Stanley set a $69.00 price objective on shares of HF Sinclair in a report on Monday, May 4th. The Goldman Sachs Group reissued a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a report on Wednesday, May 6th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Barclays increased their price target on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Finally, BMO Capital Markets lowered their price target 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. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $69.91.

Institutional Trading of HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in HF Sinclair during the fourth quarter worth $26,000. REAP Financial Group LLC acquired a new position in HF Sinclair during the fourth quarter worth $29,000. Nalls Sherbakoff Group LLC acquired a new position in HF Sinclair during the fourth quarter worth $36,000. Fairway Wealth LLC acquired a new position in HF Sinclair during the first quarter worth $41,000. Finally, State of Wyoming acquired a new position in HF Sinclair during the second quarter worth $41,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair

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.