Atanas H. Atanasov Purchases 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 firm’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

HF Sinclair Trading Up 0.3 %

Shares of DINO opened at $33.76 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a 50-day moving average price of $40.82 and a 200 day moving average price of $45.95. HF Sinclair Co. has a 12-month low of $33.51 and a 12-month high of $64.16. The firm has a market capitalization of $6.35 billion, a P/E ratio of 20.84 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share 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 net margin of 1.10% and a return on equity of 5.51%. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.06 EPS. Sell-side analysts forecast that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.92%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DINO. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $53.00 to $45.00 in a research note on Monday, December 9th. TD Cowen lowered their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Scotiabank decreased their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Barclays dropped their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.45.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently modified their holdings of the business. Aigen Investment Management LP acquired a new position in HF Sinclair during the third quarter worth $1,253,000. Point72 Hong Kong Ltd acquired a new position in HF Sinclair during the 2nd quarter worth about $723,000. Pine Valley Investments Ltd Liability Co purchased a new position in HF Sinclair during the 3rd quarter valued at about $5,927,000. Thompson Siegel & Walmsley LLC grew its position in HF Sinclair by 4.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock valued at $47,268,000 after acquiring an additional 41,456 shares in the last quarter. Finally, River Road Asset Management LLC increased its stake in HF Sinclair by 3.4% during the third quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock worth $34,312,000 after purchasing an additional 25,041 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.