HF Sinclair (NYSE:DINO) Stock Price Down 2.7%

HF Sinclair Co. (NYSE:DINO)’s share price dropped 2.7% during trading on Wednesday . The company traded as low as $51.89 and last traded at $52.03. Approximately 269,710 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 2,001,859 shares. The stock had previously closed at $53.45.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DINO. Barclays initiated coverage on HF Sinclair in a research note on Monday, February 26th. They set an “equal weight” rating and a $60.00 price objective for the company. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their target price for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Mizuho lowered their price target on HF Sinclair from $65.00 to $64.00 and set a “neutral” rating for the company in a research report on Monday, May 13th. Finally, UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $64.00 to $73.00 in a research report on Wednesday, February 14th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and an average price target of $65.58.

HF Sinclair Stock Down 2.6 %

The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The stock’s 50-day moving average price is $56.84 and its two-hundred day moving average price is $56.56. The stock has a market capitalization of $10.00 billion, a PE ratio of 6.46 and a beta of 1.25.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter last year, the firm earned $2.00 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, analysts expect that HF Sinclair Co. will post 6.06 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.84%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 6,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $57.37 per share, with a total value of $372,905.00. Following the transaction, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers bought 6,500 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The disclosure for this purchase can be found here. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. increased its holdings in HF Sinclair by 55.0% during the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after buying an additional 1,656,704 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares in the last quarter. Norges Bank bought a new position in HF Sinclair in the 4th quarter worth $65,774,000. Janus Henderson Group PLC lifted its position in HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in HF Sinclair by 261.1% during the first quarter. Jacobs Levy Equity Management Inc. now owns 436,739 shares of the company’s stock valued at $26,366,000 after purchasing an additional 315,783 shares during the period. 88.29% of the stock is owned by institutional investors.

About HF Sinclair

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.