Item 5. Market for Registrant’s Common Equity
Item 5. Market for the Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is traded on the New York Stock Exchange under the trading symbol “DINO.”
In September 2022, our Board of Directors approved a $1.0 billion share repurchase program, which replaced all existing share repurchase programs. This share repurchase program authorizes us to repurchase common stock in the open market or through privately negotiated transactions. Privately negotiated repurchases from REH Company (formerly known as The Sinclair Companies) are also authorized under the share repurchase program, subject to REH Company’s interest in selling its shares and other limitations. The timing and amount of share repurchases, including those from REH Company, will depend on market conditions and corporate, tax, regulatory and other relevant considerations. This program may be discontinued at any time by our Board of Directors. The following table includes repurchases made under this program during the fourth quarter of 2022.
Period Total Number of
Shares Purchased Average Price
Paid Per Share Total Number of
Shares Purchased
as Part of Publicly Announced Plans or Programs Maximum Dollar
Value of Shares
that May Yet Be
Purchased under the Plans or Programs
October 2022 946,911 $ 54.70 946,911 $ 848,199,339
November 2022 2,391,249 $ 61.69 2,391,249 $ 700,689,691
December 2022 (1)
1,767,354 $ 49.37 767,354 $ 662,037,439
Total for October to December 2022 5,105,514 4,105,514
(1) On December 14, 2022, we repurchased 1,000,000 shares pursuant to separate authorization from our Board of Directors and not as part of our $1.0 billion share repurchase program. This repurchase was made in connection with the sale by REH Company of approximately 5,000,000 shares of common stock, inclusive of the 1,000,000 shares we repurchased in an unregistered block trade permitted under applicable securities laws.
As of February 15, 2023 , we had approximately 130,876 stockholders, including beneficial owners holding shares in street name.
We intend to consider the declaration of a dividend on a quarterly basis, although there is no assurance as to future dividends since they are dependent upon future earnings, capital requirements, our financial condition and other factors.
Item 6. [Reserved]
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.