HF Sinclair (NYSE:DINO) Sets New 1-Year Low After Analyst Downgrade

HF Sinclair Co. (NYSE:DINO)’s share price hit a new 52-week low during mid-day trading 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 changing hands. The stock had previously closed at $33.61.

A number of other equities analysts have also commented on DINO. TD Cowen reduced their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Morgan Stanley reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Barclays dropped their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Finally, Wells Fargo & Company increased their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $46.50.

Insider Buying and Selling

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

Institutional Trading of HF Sinclair

Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock valued at $240,026,000 after purchasing an additional 737,696 shares during the period. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock valued at $193,197,000 after acquiring an additional 617,218 shares during the last quarter. First Trust Advisors LP grew its stake in shares of HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after buying an additional 1,096,485 shares during the last quarter. Southeastern Asset Management Inc. TN bought a new stake in HF Sinclair during the 4th quarter worth $96,344,000. Finally, AQR Capital Management LLC increased its stake in shares of HF Sinclair by 61.6% in the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock valued at $82,536,000 after buying an additional 906,225 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Price Performance

The stock has a market cap of $5.66 billion, a P/E ratio of 36.62 and a beta of 1.13. The company’s 50 day moving average price is $34.87 and its 200-day moving average price is $38.54. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. As a group, sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.66%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is currently 243.90%.

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.