On May 20, 2024, Franklin Myers, a Director at HF Sinclair Corp (DINO, Financial), purchased 6,500 shares of the company, as reported in a recent SEC Filing. The transaction occurred at a price of $57.37 per share, totaling $372,905.
HF Sinclair Corp, primarily engaged in refining crude oil and marketing refined petroleum products, saw this insider transaction increase Franklin Myers's holdings significantly. Over the past year, the insider has acquired a total of 15,680 shares of HF Sinclair Corp and has not sold any shares.
The company's shares were trading at $57.37 on the day of the purchase, giving HF Sinclair Corp a market cap of approximately $11 billion. This valuation aligns with a price-earnings ratio of 7.08, which is below both the industry median of 11.645 and the company's historical median.
According to the GF Value, the stock is considered Fairly Valued with a price-to-GF-Value ratio of 1.06. The GF Value of $54.21 is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates.
The insider transaction history for HF Sinclair Corp shows a trend with 3 insider buys and 10 insider sells over the past year. This recent purchase by the insider might indicate a positive outlook on the company's value.
Investors and stakeholders of HF Sinclair Corp may find the insider's consistent buying activity over the past year as a noteworthy element in assessing the company's current and future potential.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
