Insider Selling: Creery Thomas G, HF Sinclair Corporation [DINO] President, Renewables divested 10,000 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. HF Sinclair Corporation shares valued at $532,500 were sold by Creery Thomas G on Jun 06. At $53.25 per share, Creery Thomas G sold 10,000 shares. The insider’s holdings dropped to 138,522 shares worth approximately $6.28 million following the completion of this transaction.

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Also, Creery Thomas G sold 10,000 shares, netting a total of over 524,100 in proceeds. Following the sale of shares at $52.41 each, the insider now holds 148,522 shares.

Before that, Agarwal Indira had sold 878 shares from its account. In a trade valued at $46,095, the VP, Controller and CAO traded HF Sinclair Corporation shares for $52.50 each. Upon closing the transaction, the insider’s holdings decreased to 878 shares, worth approximately $0.64 million.

As published in a research note from Goldman on May 16, 2022, HF Sinclair Corporation [DINO] has been rated up from a Neutral to a Buy and the price target has been revised to $56 from $46. This represents a 18.98% premium over Thursday’s closing price. Analysts at Cowen upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid May.

Analyzing DINO’s Price Performance

On Thursday, HF Sinclair Corporation [NYSE: DINO] plunged -4.18% to $45.37. The stock’s lowest price that day was $45.31, but it reached a high of $47.31 in the same session. During the last five days, there has been a drop of approximately -2.91%. Over the course of the year, HF Sinclair Corporation shares have jumped approximately 38.41%. Shares of the company reached a 52-week high of $58.50 on 06/09/22 and a 52-week low of $29.14 on 02/25/22. A 50-day SMA is recorded $47.76, while a 200-day SMA reached $38.92. Nevertheless, trading volume fell to 1.86 million shares from 1.9 million shares the previous day.

Support And Resistance Levels for HF Sinclair Corporation (DINO)

According to the 24-hour chart, there is a support level at 44.68, which, if violated, would cause prices to drop to 44.00. In the upper region, resistance lies at 46.68. The next price resistance is at 48.00. RSI (Relative Strength Index) is 47.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.00, which suggests the price will increase in the coming days. Percent R is at 57.98%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is HF Sinclair Corporation subject to short interest?

Stocks of HF Sinclair Corporation saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.52 million shares to 5.12 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.64 million shares. A decline of -10.16% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.87 of the overall float, the days-to-cover ratio (short ratio) decline to 1.87.

Which companies own the most shares of HF Sinclair Corporation (DINO)?

According to The Vanguard Group, Inc. filings, the company currently owns 14,007,107 shares, which is about 6.28% of the total DINO shares outstanding. The investor’s shares have appreciated by 205,606 from its previous 13-F filing of 13801501.0 shares. With the completion of the sale transaction, Turtle Creek Management LLC’s stake is now worth $561,773,510. BlackRock Fund Advisors acquire a 2.41% interest valued at $539.2 million while Fidelity Management & Research Co purchased a 955,084 stake. A total of 1,257,744 shares of HF Sinclair Corporation were bought by SSgA Funds Management, Inc. during the quarter, and 567,834 were bought by Dimensional Fund Advisors LP. In its current portfolio, LSV Asset Management holds 6,268,973 shares valued at $283.11 million.

In terms of HF Sinclair Corporation share price expectations, FactSet research, analysts set an average price target of $56.86 in the next 12 months, up nearly 26.72% from the previous closing price of $47.35. Analysts anticipate HF Sinclair Corporation stock to reach $67.00 by 2022, with the lowest price target being $40.00. In spite of this, 18 analysts ranked HF Sinclair Corporation stock as an Overweight at the end of 2022.


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