HF Sinclair Co. (NYSE:DINO) Director Manuel J. Fernandez Buys 635 Shares

HF Sinclair Co. (NYSE:DINO) Director Manuel J. Fernandez purchased 635 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $31.48 per share, for a total transaction of $19,989.80. Following the acquisition, the director now directly owns 14,235 shares in the company, valued at $448,117.80. This trade represents a 4.67 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

HF Sinclair Stock Down 1.9 %

Shares of DINO traded down $0.60 during mid-day trading on Wednesday, hitting $31.16. The company’s stock had a trading volume of 7,022,911 shares, compared to its average volume of 3,199,305. 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 company’s 50-day moving average is $36.01 and its 200-day moving average is $40.60. HF Sinclair Co. has a 52-week low of $29.85 and a 52-week high of $64.16. The firm has a market capitalization of $5.87 billion, a price-to-earnings ratio of 37.99 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. On average, equities research analysts forecast that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 6.42%. HF Sinclair’s payout ratio is 243.90%.

Hedge Funds Weigh In On HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after buying an additional 33,373 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of HF Sinclair during the third quarter worth about $1,253,000. Merit Financial Group LLC acquired a new position in shares of HF Sinclair during the fourth quarter valued at about $263,000. Blue Trust Inc. raised its position in shares of HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after purchasing an additional 2,655 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in HF Sinclair in the 3rd quarter worth approximately $5,927,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on DINO shares. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. 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. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. TD Cowen reduced 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. Finally, 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and an average target price of $51.00.

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.