The large authorization signals management's view that DINO is undervalued. Monitor open-market repurchase activity in coming weeks for execution pace; actual buyback rate will determine EPS accretion. The inclusion of REH Advisors as a potential counterparty for block trades adds flexibility but also introduces potential for accelerated execution.
Price Chart
Executive Summary
HF Sinclair's Board authorized a new $1.5 billion share repurchase program, replacing the prior program which had approximately $11 million remaining. The new authorization represents roughly 9% of the company's $16.6B market cap, signaling management's confidence in intrinsic value and a commitment to returning capital to shareholders. The program also allows for privately negotiated repurchases from REH Advisors Inc., subject to their interest.
Key Facts
- Board authorized a new $1.5 billion share repurchase program on August 26, 2026.
- The new program replaces the prior authorization, which had approximately $11 million remaining.
- Repurchases may be made in the open market or through privately negotiated transactions.
- The program also authorizes privately negotiated repurchases from REH Advisors Inc.
- The company is also authorized to repurchase shares to offset dilution from compensation programs.
Financial Impact
New $1.5 billion buyback authorization, representing ~9% of current market cap ($16.6B). Replaces prior program with only ~$11M remaining.
Risk Factors
- Buyback authorization does not obligate the company to repurchase shares; execution depends on market conditions.
- Program may be discontinued at any time by the Board.
- Capital allocation towards buybacks reduces flexibility for M&A or organic investment.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (DINO) — Batch item 1 | 0001628280-26-059117 |
| Document: 0001628280-26-059117-index.html | 0001628280-26-059117 |
| Document: 0001628280-26-059117.txt | 0001628280-26-059117 |
| 8-K Filing (DINO) — Batch item 4 | 0001628280-26-059117 |
| Document: 0001628280-26-059117-index.html | 0001628280-26-059117 |
| Document: 0001628280-26-059117.txt | 0001628280-26-059117 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 26, 2026 7w ago | 8-K | $97.00 $103.70 | ▲ +6.91% | ▲ +7.01% | $125.29 (+29.16%) |
Aug 11, 2026 9w ago | Insider Buy | $87.93 $107.72 | ▲ +22.51% | ▲ +24.40% | $125.29 (+42.49%) |
Aug 11, 2026 9w ago | Insider Cluster | $87.93 $107.72 | ▲ +22.51% | ▲ +24.40% | $125.29 (+42.49%) |
Jul 28, 2026 11w ago | 8-K | $89.30 $93.24 | ▲ +4.41% | ▲ +1.03% | $125.29 (+40.30%) |
Jul 8, 2026 14w ago | 8-K | $78.62 $82.98 | ▲ +5.55% | ▲ +2.27% | $125.29 (+59.36%) |
Jun 19, 2026 17w ago | Institutional Cluster | $65.84 $88.59 | ▲ +34.55% | ▲ +34.70% | $125.29 (+90.29%) |
Jun 3, 2026 19w ago | Insider Cluster | $72.83 $72.50 | ▼ −0.45% | ▲ +0.92% | $125.29 (+72.03%) |
May 27, 2026 20w ago | 144 | $68.08 $67.78 | ▼ −0.44% | ▲ +1.46% | $125.29 (+84.03%) |
May 27, 2026 20w ago | 144 | $68.08 $67.78 | ▼ −0.44% | ▲ +1.46% | $125.29 (+84.03%) |
May 26, 2026 20w ago | Insider Cluster | $68.08 $67.78 | ▼ −0.44% | ▲ +1.46% | $125.29 (+84.03%) |
US Market Status
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