In a recent transaction, HF Sinclair Corp (NYSE:DINO) director Manuel J. Fernandez sold 1,213 shares of the company's common stock, totaling over $74,000. The shares were sold at a price of $61.10 each.
The sale, which took place on March 20, 2024, resulted in Fernandez's ownership of HF Sinclair stock decreasing to 9,828 shares following the transaction. The details of the sale were made public in a filing with the Securities and Exchange Commission.
HF Sinclair Corp, formerly known as Hippo Parent Corp, operates in the energy sector with a focus on pipeline transportation. The company, incorporated in Delaware, is headquartered in Dallas, Texas.
The stock transaction comes as part of the regular financial disclosures required by company insiders. These transactions are closely watched by investors as they can provide insights into the confidence levels of a company's executives and directors in the firm's prospects.
HF Sinclair's stock is listed on the New York Stock Exchange under the ticker symbol DINO. The company's business phone is 214-954-6696, and its business address is 2828 N. Harwood, Suite 1300, Dallas, TX 75201.
InvestingPro Insights
Following the recent insider transaction at HF Sinclair Corp (NYSE:DINO), investors may be keen to understand the company's current financial standing and what the future may hold. According to InvestingPro data, HF Sinclair Corp has a market capitalization of $11.85 billion and trades with a price-to-earnings (P/E) ratio of 6.73, which further adjusts to 7.71 when looking at the last twelve months as of Q4 2023. This could indicate a potentially undervalued situation, considering the market's average P/E ratios.
One of the notable InvestingPro Tips for HF Sinclair Corp is the company's management aggressively buying back shares, which often reflects confidence in the company's value and future prospects. Additionally, HF Sinclair has maintained dividend payments for 37 consecutive years with a current dividend yield of 3.35%, showcasing a commitment to returning value to shareholders. This is particularly important for income-focused investors.
However, it's also important to consider that 9 analysts have revised their earnings estimates downwards for the upcoming period. This could suggest some caution is warranted or that the market may be anticipating some challenges ahead for HF Sinclair Corp. Investors looking for a more comprehensive set of insights can find additional InvestingPro Tips at Investing.com. There are 11 more tips available, which could further inform investment decisions. For those interested in a deeper dive into the company's analytics, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
Lastly, the stock is trading near its 52-week high, at 95.92% of this peak value, which could indicate strong market sentiment towards HF Sinclair Corp's stock. With the next earnings date on May 6, 2024, investors will be watching closely to see if the company's performance aligns with its current market valuation.
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