HF Sinclair (NYSE:DINO) Hits New 1-Year Low After Analyst Downgrade

HF Sinclair Co. (NYSE:DINO) hit a new 52-week low during mid-day trading on Thursday after Mizuho lowered their price target on the stock from $45.00 to $40.00. Mizuho currently has a neutral rating on the stock. HF Sinclair traded as low as $29.73 and last traded at $29.84, with a volume of 1313753 shares changing hands. The stock had previously closed at $33.61.

Other equities analysts also recently issued reports about the company. Morgan Stanley reduced their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. Barclays cut their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Wells Fargo & Company raised their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. cut their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair has an average rating of “Hold” and a consensus target price of $46.50.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by insiders.

Hedge Funds Weigh In On HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair during the fourth quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter worth about $31,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its stake in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 327 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in shares of HF Sinclair during the 3rd quarter valued at about $50,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 36.62 and a beta of 1.13. The stock’s 50 day simple moving average is $34.87 and its 200-day simple moving average is $38.54. 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) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.66%. HF Sinclair’s dividend payout ratio is 243.90%.

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.