DALLAS—Craig Knocke, a director at HF Sinclair Corp (NYSE:DINO), recently purchased 5,000 shares of the company's common stock, according to a regulatory filing. The transaction, which took place on December 16, 2024, was valued at approximately $180,745, with shares acquired at an average price of $36.1491 each. The purchase comes as the stock trades near its 52-week low, with InvestingPro analysis indicating the shares are currently undervalued.
Following this purchase, Knocke's direct ownership in HF Sinclair increased to 30,410 shares. The company maintains a solid 5.3% dividend yield and has maintained dividend payments for 37 consecutive years. InvestingPro subscribers can access 12 additional investment tips and a comprehensive Pro Research Report for deeper insights. The acquisition underscores Knocke's continued confidence in the company's prospects as HF Sinclair navigates the evolving energy landscape.
In other recent news, HF Sinclair Corporation reported a net loss of $76 million in the third quarter of 2024. Despite this, the company's adjusted net income was $97 million, and the adjusted EBITDA for the quarter stood at $316 million. These figures represent a significant decrease from the previous year's earnings. The company's refining segment saw adjusted EBITDA fall to $110 million due to lower gross margins, although this was offset by higher refined product sales. In contrast, the midstream segment's adjusted EBITDA grew to $112 million.
Additionally, HF Sinclair has outlined a $875 million capital spending plan for 2025. The planned expenditures include $775 million allocated for sustaining capital investments across its various segments, with the refining sector receiving the largest portion at $240 million. The company also earmarked $100 million for growth capital investments. These are recent developments that continue to shape the company's strategies and financial outlook.
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