Atanas H. Atanasov Acquires 7,000 Shares of HF Sinclair Co. (NYSE:DINO) Stock

HF Sinclair Co. (NYSE:DINO) CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the transaction, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

HF Sinclair Stock Up 0.4 %

NYSE:DINO opened at $35.76 on Wednesday. HF Sinclair Co. has a 52 week low of $35.31 and a 52 week high of $64.16. The stock’s fifty day moving average is $41.51 and its two-hundred day moving average is $46.26. The stock has a market capitalization of $6.73 billion, a price-to-earnings ratio of 22.07 and a beta of 1.20. 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 posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.06 EPS. Research analysts anticipate that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

Analyst Ratings Changes

A number of analysts have issued reports on DINO shares. Morgan Stanley cut their target price 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. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. BMO Capital Markets decreased their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Barclays cut their price target 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. Finally, UBS Group decreased their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.00.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in DINO. Wealth Enhancement Advisory Services LLC raised its stake in shares of HF Sinclair by 399.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock valued at $3,108,000 after acquiring an additional 46,586 shares in the last quarter. Blue Trust Inc. increased its holdings in HF Sinclair by 42.5% during the 2nd quarter. Blue Trust Inc. now owns 3,092 shares of the company’s stock worth $165,000 after purchasing an additional 922 shares during the period. Neo Ivy Capital Management acquired a new stake in HF Sinclair in the 2nd quarter valued at about $806,000. Fifth Third Bancorp boosted 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 buying an additional 267 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of HF Sinclair during the second quarter worth approximately $250,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Company Profile

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.