Franklin Myers Acquires 5,000 Shares of HF Sinclair Co. (NYSE:DINO) Stock

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

HF Sinclair Trading Down 5.5 %

NYSE:DINO opened at $34.49 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair Co. has a 12-month low of $33.47 and a 12-month high of $64.16. The business has a 50 day simple moving average of $36.03 and a 200 day simple moving average of $41.03. The firm has a market capitalization of $6.50 billion, a P/E ratio of 42.06 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) 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 business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Equities research analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DINO. Allspring Global Investments Holdings LLC raised its position in HF Sinclair by 43.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 35,304 shares of the company’s stock valued at $1,573,000 after buying an additional 10,750 shares during the period. Private Advisor Group LLC bought a new stake in shares of HF Sinclair during the 3rd quarter worth about $344,000. Louisiana State Employees Retirement System boosted its stake in shares of HF Sinclair by 6.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 45,000 shares of the company’s stock worth $2,006,000 after acquiring an additional 2,600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of HF Sinclair by 11.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,771 shares of the company’s stock worth $4,564,000 after acquiring an additional 9,966 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of HF Sinclair by 13.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 21,716 shares of the company’s stock worth $967,000 after acquiring an additional 2,535 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DINO has been the topic of several research analyst reports. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Barclays dropped their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Finally, TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average target price 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.