HF Sinclair (NYSE:DINO) Reaches New 1-Year Low – Here’s Why

HF Sinclair Co. (NYSE:DINO) shares reached a new 52-week low on Tuesday . The stock traded as low as $42.06 and last traded at $42.06, with a volume of 21411 shares traded. The stock had previously closed at $42.88.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Wolfe Research assumed coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Piper Sandler cut their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Morgan Stanley lowered their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Finally, BMO Capital Markets cut their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $55.82.

HF Sinclair Stock Performance

The company has a fifty day moving average of $45.72 and a 200 day moving average of $50.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The stock has a market cap of $8.00 billion, a P/E ratio of 5.30 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (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 firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the company earned $2.60 earnings per share. HF Sinclair’s revenue was up .2% compared to the same quarter last year. On average, equities analysts predict that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Poehling Capital Management INC. boosted its stake in HF Sinclair by 0.3% in the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after purchasing an additional 203 shares during the period. V Square Quantitative Management LLC boosted its position in shares of HF Sinclair by 11.1% in the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after buying an additional 226 shares during the period. Empirical Finance LLC grew its holdings in shares of HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after buying an additional 228 shares in the last quarter. Fifth Third Bancorp raised its position in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after buying an additional 267 shares during the period. Finally, Matrix Trust Co lifted its stake in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after acquiring an additional 317 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

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.