Atanas H. Atanasov Buys 5,000 Shares of HF Sinclair Co. (NYSE:DINO) Stock

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov acquired 5,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % 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 this hyperlink.

HF Sinclair Trading Up 0.3 %

NYSE DINO opened at $33.76 on Friday. The company has a fifty day moving average of $40.82 and a 200 day moving average of $45.95. The company has a market capitalization of $6.35 billion, a PE ratio of 20.84 and a beta of 1.20. 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 1 year low of $33.51 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.06 EPS. Research analysts forecast that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.92%. HF Sinclair’s payout ratio is 123.46%.

Analyst Upgrades and Downgrades

A number of research firms have commented on DINO. Morgan Stanley decreased their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Mizuho lowered their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group cut their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Finally, Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $51.45.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC grew its position in HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after buying an additional 226 shares during the period. Empirical Finance LLC grew its position in shares of HF Sinclair by 1.2% during the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after acquiring an additional 228 shares during the period. Fifth Third Bancorp increased its stake in shares of HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 shares in the last quarter. Matrix Trust Co raised its holdings in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares during the period. Finally, iA Global Asset Management Inc. raised its holdings in HF Sinclair by 7.5% in the 2nd quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock worth $260,000 after purchasing an additional 342 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.