HF Sinclair Co. (NYSE:DINO) Director Franklin Myers Buys 5,000 Shares

HF Sinclair Co. (NYSE:DINO) Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $35.25 on Friday. HF Sinclair Co. has a 52-week low of $33.47 and a 52-week high of $64.16. The stock’s fifty day simple moving average is $36.08 and its 200 day simple moving average is $40.91. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 42.99 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. As a group, sell-side analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 5.67%. HF Sinclair’s dividend payout ratio is presently 243.90%.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently made changes to their positions in DINO. Capital Performance Advisors LLP acquired a new position in shares of HF Sinclair during the 3rd quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new position in shares of HF Sinclair during the 4th quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair during the fourth quarter valued at about $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair during the fourth quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC increased its stake in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the company. Barclays cut their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Monday, January 13th. TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Mizuho dropped their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. UBS Group dropped their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $51.00.

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.