HF Sinclair Launches a $1 Billion Share Repurchase Plan – Buyback Wednesdays

U.S. refiners, like Valero Energy (VLO), Phillips 66 (PSX) and HF Sinclair (DINO) significantly outperformed the broader market over the past couple of years with a very strong 2022. Things have slowed down a bit this year due to broader weakness in the energy sector.

Key Insights:

• HF Sinclair Corporation (DINO) is a diversified refining and transportation company that has seen an increase in refining utilization rates in recent quarters.
• The company recently consolidated its refining and midstream (transportation) segments through the acquisition of Holly Energy Partners (HEP) for $4.64 billion in a cash plus stock deal.
• DINO provides a strong dividend paired with a very low payout ratio, in addition to consistent repurchasing of its shares.

Please subscribe for free or login to your InsideArbitrage account to access this article.