HF Sinclair EVP and CFO Atanasov acquires $168,855 in inventory

Atanas H. Atanasov, the Government Vice President and Chief Monetary Officer of HF Sinclair Corp (NYSE:DINO), not too long ago bought 5,000 shares of the corporate’s widespread inventory. The shares have been acquired at a weighted common worth of $33.771, amounting to a complete transaction worth of roughly $168,855. This buy comes because the inventory trades close to its 52-week low of $33.52, with InvestingPro evaluation indicating the inventory is at the moment undervalued. Following this acquisition, Atanasov now holds a complete of 78,927 shares immediately. The acquisition was executed on December 19, 2024, as reported in a current SEC submitting. The $6.5 billion market cap firm affords a notable 5.9% dividend yield and has maintained dividend funds for 37 consecutive years. InvestingPro subscribers can entry 15 extra key insights about DINO, together with detailed valuation metrics and monetary well being indicators.

In different current information, HF Sinclair Corp has unveiled its capital expenditure plans for 2025, which embrace a complete capital and turnaround money spending of $875 million. This includes $775 million allotted for sustaining capital investments throughout its numerous segments and $100 million for development capital investments. The Dallas-based company’s current earnings report indicated a web lack of $76 million for the third quarter of 2024, influenced by particular objects that lowered web earnings by $172 million. Nonetheless, the adjusted web earnings was $97 million, and the adjusted EBITDA for the quarter was $316 million. Trying forward, HF Sinclair anticipates spending roughly $800 million to $875 million in capital expenditures in 2025, specializing in operational reliability and shareholder returns. The corporate can also be adjusting for the transition from the Blender’s Tax Credit score to a Carbon Depth-based credit score system. These are current developments that proceed to form HF Sinclair’s methods and monetary outlook.

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