Atanas H. Atanasov, the Executive Vice President and Chief Financial Officer of HF Sinclair Corp (NYSE:DINO), recently purchased 5,000 shares of the company’s common stock. The shares were acquired at a weighted average price of $33.771, amounting to a total transaction value of approximately $168,855. This purchase comes as the stock trades near its 52-week low of $33.52, with InvestingPro analysis indicating the stock is currently undervalued. Following this acquisition, Atanasov now holds a total of 78,927 shares directly. The purchase was executed on December 19, 2024, as reported in a recent SEC filing. The $6.5 billion market cap company offers a notable 5.9% dividend yield and has maintained dividend payments for 37 consecutive years. InvestingPro subscribers can access 15 additional key insights about DINO, including detailed valuation metrics and financial health indicators.
In other recent news, HF Sinclair Corp has unveiled its capital expenditure plans for 2025, which include a total capital and turnaround cash spending of $875 million. This comprises $775 million allocated for sustaining capital investments across its various segments and $100 million for growth capital investments. The Dallas-based corporation’s recent earnings report indicated a net loss of $76 million for the third quarter of 2024, influenced by special items that reduced net income by $172 million. However, the adjusted net income was $97 million, and the adjusted EBITDA for the quarter was $316 million. Looking ahead, HF Sinclair anticipates spending approximately $800 million to $875 million in capital expenditures in 2025, focusing on operational reliability and shareholder returns. The company is also adjusting for the transition from the Blender’s Tax Credit to a Carbon Intensity-based credit system. These are recent developments that continue to shape HF Sinclair’s strategies and financial outlook.
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