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

HF Sinclair Co. (NYSE:DINO) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totalling 8,280,000 shares, a growth of 5.2% from the May 31st total of 7,870,000 shares. Approximately 4.7% of the company’s stock are short sold. Based on an average trading volume of 1,730,000 shares, the short-interest ratio is currently 4.8 days.

HF Sinclair Trading Down 1.1 %

Shares of NYSE:DINO opened at $53.00 on Thursday. The firm has a market cap of $10.18 billion, a P/E ratio of 6.56 and a beta of 1.19. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. HF Sinclair has a twelve month low of $43.29 and a twelve month high of $64.16. The company has a 50 day moving average of $54.71 and a 200-day moving average of $56.48.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The company had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same period in the prior year, the company earned $2.00 EPS. HF Sinclair’s revenue was down 7.1% on a year-over-year basis. As a group, analysts anticipate that HF Sinclair will post 5.64 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is 24.75%.

Analyst Ratings Changes

DINO has been the subject of several recent analyst reports. Mizuho lowered their target price on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Piper Sandler cut their price target on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a report on Friday, June 14th. Barclays reduced their price target on shares of HF Sinclair from $60.00 to $56.00 and set an “equal weight” rating on the stock in a research report on Monday. JPMorgan Chase & Co. reduced their target price on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Scotiabank lifted their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.25.

Insider Buying and Selling

In other news, Director Franklin Myers bought 6,500 shares of HF Sinclair stock in a transaction dated Monday, May 20th. The shares were acquired at an average cost of $57.37 per share, with a total value of $372,905.00. Following the completion of the transaction, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in HF Sinclair by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock worth $297,027,000 after acquiring an additional 98,477 shares during the period. Pacer Advisors Inc. grew its stake in HF Sinclair by 55.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after acquiring an additional 1,656,704 shares in the last quarter. Deutsche Bank AG grew its position in HF Sinclair by 13.8% during the third quarter. Deutsche Bank AG now owns 1,709,684 shares of the company’s stock valued at $97,332,000 after purchasing an additional 207,014 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of HF Sinclair by 1.2% during the 4th quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock valued at $80,908,000 after acquiring an additional 17,934 shares in the last quarter. Institutional investors and hedge funds 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.