HF Sinclair (NYSE:DINO) Trading Down 4.9% – Here’s Why

HF Sinclair Co. (NYSE:DINO) dropped 4.9% during mid-day trading on Wednesday . The stock traded as low as $29.85 and last traded at $30.19. Approximately 3,028,206 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 3,087,177 shares. The stock had previously closed at $31.75.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. TD Cowen reduced their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Barclays cut their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. reduced their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Stock Performance

The company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 38.04 and a beta of 1.22. The firm has a 50-day simple moving average of $36.01 and a two-hundred day simple moving average of $40.60. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, sell-side analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.40%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Insider Buying and Selling

In other HF Sinclair news, CFO Atanas H. Atanasov bought 7,000 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 17,000 shares of company stock valued at $612,870. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of hedge funds have recently modified their holdings of DINO. EverSource Wealth Advisors LLC lifted its holdings in shares of HF Sinclair by 53.9% during the 4th 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 period. Wealth Enhancement Advisory Services LLC raised its stake in HF Sinclair by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after acquiring an additional 367 shares in the last quarter. Nissay Asset Management Corp Japan ADV boosted its stake in shares of HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock valued at $685,000 after purchasing an additional 379 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock valued at $2,253,000 after purchasing an additional 390 shares during the last quarter. Finally, Evergreen Private Wealth LLC boosted its position in HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock valued at $938,000 after buying an additional 392 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

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.