HF Sinclair (NYSE:DINO) Sets New 12-Month Low After Analyst Downgrade

HF Sinclair Co. (NYSE:DINO) hit a new 52-week low 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. The stock had previously closed at $33.61.

Several other brokerages have also issued reports on DINO. Wells Fargo & Company upped their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research report on Friday, March 7th. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Barclays decreased their target price on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Finally, JPMorgan Chase & Co. dropped their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average target price of $46.50.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in the stock. Southeastern Asset Management Inc. TN bought a new position in HF Sinclair in the fourth quarter valued at about $96,344,000. Balyasny Asset Management L.P. lifted its stake in shares of HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after purchasing an additional 1,593,875 shares during the period. Norges Bank purchased a new position in shares of HF Sinclair in the fourth quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after buying an additional 1,126,825 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after buying an additional 1,096,485 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 6.2 %

The company’s 50-day simple moving average is $34.55 and its two-hundred day simple moving average is $38.35. The firm has a market capitalization of $5.17 billion, a P/E ratio of 33.48 and a beta of 1.13. 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 posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, research analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.28%. HF Sinclair’s payout ratio is currently 243.90%.

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.