Investors Buy High Volume of HF Sinclair Put Options (NYSE:DINO)

HF Sinclair Corporation (NYSE:DINO) saw some unusual options trading activity on Tuesday. Investors bought 28,256 put options on the stock. This is an increase of 479% compared to the average volume of 4,882 put options.

Insider Activity at HF Sinclair

In other news, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction on Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock worth $954,694 in the last ninety days. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in HF Sinclair by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after purchasing an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after purchasing an additional 48,103 shares during the period. State Street Corp grew its holdings in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after purchasing an additional 22,150 shares during the period. Finally, AQR Capital Management LLC increased its holdings in HF Sinclair by 13.7% in the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after acquiring an additional 523,709 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Morgan Stanley raised their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. TD Cowen reduced their price target on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, June 29th. Finally, Wells Fargo & Company boosted their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and an average price target of $74.27.

HF Sinclair Stock Performance

Shares of DINO opened at $83.90 on Thursday. The firm has a market capitalization of $15.12 billion, a P/E ratio of 12.62 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 has a one year low of $42.16 and a one year high of $84.07. The business has a fifty day moving average of $71.14 and a 200 day moving average of $61.04.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.27) EPS. As a group, sell-side analysts anticipate that HF Sinclair will post 10.27 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. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is currently 30.08%.

HF Sinclair Company Profile

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.