HF Sinclair (NYSE:DINO) Trading Down 5.2% Following Analyst Downgrade

HF Sinclair Co. (NYSE:DINO)’s stock price was 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 trading, a decline of 26% from the average daily volume of 1,997,205 shares. The stock had previously closed at $37.45.

A number of other brokerages also recently issued reports on DINO. UBS Group dropped their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Barclays dropped their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Morgan Stanley decreased their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, Piper Sandler cut their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $53.00.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, for a total transaction 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DINO. Pacer Advisors Inc. grew its position in shares of HF Sinclair by 8.1% in the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after buying an additional 626,755 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after acquiring an additional 399,988 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in HF Sinclair by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock valued at $218,163,000 after acquiring an additional 165,313 shares in the last quarter. AQR Capital Management LLC increased its position in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd raised its holdings in HF Sinclair by 11.7% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock worth $74,797,000 after purchasing an additional 175,925 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

The company’s 50-day moving average price is $41.51 and its 200 day moving average price is $46.26. The stock has a market capitalization of $6.73 billion, a PE ratio of 22.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same period last year, the business posted $4.06 earnings per share. HF Sinclair’s quarterly revenue was down 19.1% compared to the same quarter last year. On average, equities research analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued 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 5.59%. HF Sinclair’s dividend payout ratio (DPR) 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.