HF Sinclair Co. (NYSE:DINO) Short Interest Update

HF Sinclair Co. (NYSE:DINO) was the target of a significant growth in short interest during the month of December. As of December 15th, there was short interest totalling 7,180,000 shares, a growth of 7.8% from the November 30th total of 6,660,000 shares. Based on an average daily trading volume, of 2,080,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 4.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. BMO Capital Markets lowered 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. Mizuho lowered their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Scotiabank reduced their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. UBS Group decreased their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $51.45.

HF Sinclair Trading Up 2.4 %

Shares of HF Sinclair stock opened at $35.05 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $6.59 billion, a PE ratio of 21.64 and a beta of 1.20. HF Sinclair has a 1-year low of $33.47 and a 1-year high of $64.16. The company’s fifty day simple moving average is $39.30 and its 200-day simple moving average is $44.86.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the previous year, the company posted $4.06 earnings per share. HF Sinclair’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, equities analysts anticipate that HF Sinclair will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio is 123.46%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This represents a 3.56 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 17,000 shares of company stock worth $628,370. 0.28% of the stock is owned by insiders.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DINO. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in HF Sinclair by 10.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,524 shares of the company’s stock valued at $1,628,000 after acquiring an additional 2,800 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in HF Sinclair by 6.4% in the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,825 shares of the company’s stock worth $631,000 after purchasing an additional 710 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in HF Sinclair by 40.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 31,964 shares of the company’s stock worth $1,705,000 after purchasing an additional 9,168 shares during the period. Van ECK Associates Corp grew its holdings in HF Sinclair by 4.9% during the 2nd quarter. Van ECK Associates Corp now owns 120,834 shares of the company’s stock valued at $6,445,000 after buying an additional 5,698 shares in the last quarter. Finally, Natixis Advisors LLC raised its position in shares of HF Sinclair by 18.5% during the second quarter. Natixis Advisors LLC now owns 45,928 shares of the company’s stock valued at $2,450,000 after buying an additional 7,155 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

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.