HF Sinclair (NYSE:DINO) Shares Down 5.2% After Analyst Downgrade

Shares of HF Sinclair Co. (NYSE:DINO) were down 5.2% during 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. Approximately 1,473,560 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,997,205 shares. The stock had previously closed at $37.45.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Barclays cut their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, UBS Group cut their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. 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, the company presently has an average rating of “Hold” and a consensus target price of $53.00.

Insider Transactions at HF Sinclair

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

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently added to or reduced their stakes in DINO. Pacer Advisors Inc. lifted its holdings in shares of HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock valued at $374,909,000 after purchasing an additional 626,755 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake 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 valued at $306,665,000 after acquiring an additional 399,988 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after acquiring an additional 165,313 shares during the last quarter. AQR Capital Management LLC grew its stake 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 worth $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in shares of HF Sinclair by 11.7% in the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after purchasing an additional 175,925 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

The firm has a market cap of $6.70 billion, a P/E ratio of 21.98 and a beta of 1.20. The stock’s 50-day moving average price is $41.69 and its 200 day moving average price is $46.40. 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 issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 EPS. As a group, equities analysts predict that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.62%. HF Sinclair’s dividend payout ratio 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.