By otakuyassine3@gmail.com 
HF Sinclair Co. (NYSE:DINO – Get Free Report) shares traded down 5.2% during mid-day trading on Monday after Mizuho lowered their price target on the stock from $50.00 to $45.00. Mizuho currently has a neutral rating on the stock. HF Sinclair traded as low as $35.51 and last traded at $35.52. 1,473,560 shares changed hands during trading, a decline of 26% from the average session volume of 1,997,205 shares. The stock had previously closed at $37.45.
Several other brokerages have also recently issued reports on DINO. JPMorgan Chase & Co. dropped their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Barclays lowered their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. BMO Capital Markets cut their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Piper Sandler decreased their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Finally, Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $53.00.
Check Out Our Latest Research Report on DINO
Insider Activity at HF Sinclair
In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after buying an additional 2,868,273 shares during the period. AQR Capital Management LLC grew its position in shares of HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after acquiring an additional 997,629 shares during the period. Squarepoint Ops LLC increased its stake in shares of HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock valued at $45,315,000 after purchasing an additional 402,793 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after purchasing an additional 399,988 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in HF Sinclair during the second quarter worth approximately $12,001,000. 88.29% of the stock is owned by institutional investors and hedge funds.
HF Sinclair Stock Performance
The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 22.23 and a beta of 1.20. The firm has a fifty day simple moving average of $41.91 and a 200 day simple moving average of $46.52. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.
HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.06 EPS. On average, analysts anticipate that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.
HF Sinclair Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.
HF Sinclair Company Profile
HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.
See Also
Receive News & Ratings for HF Sinclair Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for HF Sinclair and related companies with MarketBeat.com’s FREE daily email newsletter.