HF Sinclair CEO Franklin Myers Buys $1.1 Million in Stock After Earnings Surge

HF Sinclair ($DINO) CEO Franklin Myers purchased approximately $1.11 million in company stock on October 29, bringing his three disclosed purchases since May to $3.42 million. The purchase followed an earnings report showing higher refining margins and benefits from federal small-refinery exemptions.

• Myers purchased 10,000 shares at $110.80, increasing his reported direct holdings to 207,723 shares. He previously bought 15,000 shares at $69.11 in May and 15,000 at $85.30 in August.
• The company reported third-quarter adjusted earnings of $11.75 per share, compared with $2.44 a year earlier.
• Adjusted refining gross margin increased 183% to $54.22 per barrel, with management citing tight fuel supplies, elevated refining spreads and EPA small-refinery waivers.
• October lobbying disclosures covered small-refinery exemptions, renewable-fuel requirements and clean-fuel tax credits.
• HF Sinclair repurchased $479 million of stock and paid $93 million in dividends during the quarter.

Relevant Companies

• HF Sinclair ($DINO) — Its CEO increased his direct ownership as the company reported higher refining earnings.

Editor’s Note: This is a developing story. This article may be updated as more details become available.

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