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DALLAS—Franklin Myers, a director at HF Sinclair Corp (NYSE:DINO), has acquired 5,000 shares of the company’s common stock, according to a recent SEC filing. The shares were purchased on February 26 at a weighted average price of $35.6628, amounting to a total transaction value of $178,314. This insider purchase comes as the stock trades near its 52-week low of $33.47, with InvestingPro analysis indicating the company is currently undervalued.
The acquisition was executed through multiple transactions, with prices ranging from $35.655 to $35.6799 per share. Following this purchase, Myers holds a total of 154,065 shares directly in HF Sinclair. The company, currently valued at $6.87 billion, offers a notable dividend yield of 5.48%. InvestingPro data reveals management has been actively buying back shares, demonstrating confidence in the company’s prospects.
This transaction highlights Myers’ continued investment in HF Sinclair, an energy and transportation company based in Dallas, Texas. For deeper insights into DINO’s valuation and 12 additional exclusive ProTips, visit InvestingPro.
In other recent news, HF Sinclair Corporation reported a net loss for the fourth quarter of 2024, significantly missing earnings expectations. The company posted an adjusted net loss of $191 million, translating to an earnings per share (EPS) of -$1.02, which was well below the anticipated EPS of $0.01. Revenue also fell short of forecasts, coming in at $6.5 billion against an expected $6.77 billion. Despite these setbacks, HF Sinclair returned over $1 billion to shareholders in 2024 through dividends and share buybacks, and plans to invest significantly in growth and sustaining capital in 2025.
In addition to financial results, HF Sinclair has entered into a three-year sponsorship agreement with the Utah Hockey Club, starting in 2025. This partnership will include promotions and events aimed at increasing brand visibility and community engagement. The company also plans to expand its branded retail sites by 10% annually, reflecting a focus on organic growth. Analyst firms have not provided any upgrades or downgrades in the recent reports.
These developments come as HF Sinclair navigates challenging market conditions and aims to optimize its portfolio. The company maintains a strong liquidity position with $3.3 billion as of December 31, 2024, and continues to focus on maximizing shareholder value.
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