HF Sinclair (NYSE:DINO) Sets New 12-Month Low at $43.88

Shares of HF Sinclair Co. (NYSE:DINO) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $43.88 and last traded at $44.58, with a volume of 35335 shares trading hands. The stock had previously closed at $44.57.

Analyst Ratings Changes

DINO has been the subject of several analyst reports. Wells Fargo & Company decreased their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price target on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, August 19th. Argus upgraded HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Wolfe Research assumed coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating for the company. Finally, Morgan Stanley dropped their price target 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. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.73.

HF Sinclair Trading Up 0.8 %

The firm has a market capitalization of $8.63 billion, a P/E ratio of 5.52 and a beta of 1.18. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a 50 day moving average of $47.16 and a 200-day moving average of $52.62.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter last year, the business earned $2.60 earnings per share. HF Sinclair’s revenue was up .2% on a year-over-year basis. On average, equities research analysts predict that HF Sinclair Co. will post 2.84 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.45%. HF Sinclair’s dividend payout ratio is 24.75%.

Hedge Funds Weigh In On HF Sinclair

Institutional investors have recently modified their holdings of the business. Nordea Investment Management AB lifted its stake in HF Sinclair by 424.5% in the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock valued at $11,037,000 after purchasing an additional 148,208 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of HF Sinclair by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after acquiring an additional 1,549,091 shares in the last quarter. Cetera Advisors LLC acquired a new stake in shares of HF Sinclair during the 1st quarter valued at $1,146,000. Oppenheimer & Co. Inc. grew its position in HF Sinclair by 99.4% during the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock worth $2,287,000 after acquiring an additional 18,886 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in HF Sinclair in the 1st quarter worth about $3,891,000. 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.