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HF Sinclair Corp. (DINO) Stock Could Soon Reward Patient Investors

HF Sinclair Corp. (NYSE: DINO) is 10.15% higher on its value in year-to-date trading and has touched a low of $37.12 and a high of $62.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The DINO stock was last observed hovering at around $61.59 in the last trading session, with the day’s loss setting it -0.38%.

Currently trading at $61.21, the stock is 5.82% and 7.45% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.16 million and changing -0.62% at the moment leaves the stock 12.88% off its SMA200. DINO registered 26.94% gain for a year compared to 6-month gain of 6.30%. The firm has a 50-day simple moving average (SMA 50) of $0.43 and a 200-day simple moving average (SMA200) of $4.46.

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The stock witnessed a 5.84% loss in the last 1 month and extending the period to 3 months gives it a 7.75%, and is 3.17% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 2.84% over the month.

HF Sinclair Corp. (DINO) has around 5218 employees, a market worth around $12.15B and $31.97B in sales. Current P/E ratio is 7.37 and Fwd P/E is 10.44. Profit margin for the company is 4.93%. Distance from 52-week low is 64.92% and -1.59% from its 52-week high. The company has generated returns on investments over the last 12 months (11.91%).

HF Sinclair Corp. quarterly earnings per share for the current quarter are estimated at $0.87 with sales reaching $7.56B over the same period.The EPS is expected to shrink by -28.16% this year, but quarterly earnings will post -2.10% year-over-year. Quarterly sales are estimated to grow 8.50% in year-over-year returns.

HF Sinclair Corp. (DINO) Top Institutional Holders

797 institutions hold shares in HF Sinclair Corp. (DINO), with institutional investors hold 85.52% of the company’s shares. The shares outstanding are 200.00M, and float is at 175.26M with Short Float at 3.34%. Institutions hold 75.56% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 15.8 million shares valued at $704.66 million. The investor’s holdings represent 8.73% of the DINO Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 15.4 million shares valued at $686.85 million to account for 8.50% of the shares outstanding. The other top investors are Capital World Investors which holds 13.58 million shares representing 7.50% and valued at over $606.0 million, while TCTC Holdings, LLC holds 6.80% of the shares totaling 12.32 million with a market value of $549.51 million.

HF Sinclair Corp. (DINO) Insider Activity

The most recent transaction is an insider sale by Fernandez Manuel J,the company’sDirector. SEC filings show that Fernandez Manuel J sold 1,213 shares of the company’s common stock on Mar 20 ’24 at a price of $61.10 per share for a total of $74114.0. Following the sale, the insider now owns 9828.0 shares.

HF Sinclair Corp. disclosed in a document filed with the SEC on Feb 27 ’24 that LEE JAMES H (Director) sold a total of 3,190 shares of the company’s common stock. The trade occurred on Feb 27 ’24 and was made at $59.18 per share for $0.19 million. Following the transaction, the insider now directly holds 62729.0 shares of the DINO stock.

Still, SEC filings show that on Feb 26 ’24, MYERS FRANKLIN (Director) acquired 4,180 shares at an average price of $58.94 for $0.25 million. The insider now directly holds 131,793 shares of HF Sinclair Corp. (DINO).

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