Short Interest in HF Sinclair Co. (NYSE:DINO) Declines By 10.1%

HF Sinclair Co. (NYSE:DINO) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totalling 7,180,000 shares, a decrease of 10.1% from the September 30th total of 7,990,000 shares. Currently, 4.1% of the shares of the stock are sold short. Based on an average trading volume of 2,120,000 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in HF Sinclair by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after purchasing an additional 696,031 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after acquiring an additional 2,868,273 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of 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 purchasing an additional 399,988 shares during the period. AQR Capital Management LLC increased its position in HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares during the period. Finally, AustralianSuper Pty Ltd raised its stake in HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after purchasing an additional 175,925 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 5.0 %

Shares of DINO traded down $2.04 during mid-day trading on Thursday, reaching $38.78. The company’s stock had a trading volume of 4,104,419 shares, compared to its average volume of 2,029,194. The business has a fifty day moving average of $45.46 and a 200 day moving average of $50.10. The company has a market cap of $7.40 billion, a price-to-earnings ratio of 6.27 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. HF Sinclair has a 1 year low of $38.25 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period last year, the company posted $2.60 earnings per share. The firm’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts forecast that HF Sinclair will post 2.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on DINO shares. UBS Group lowered their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. BMO Capital Markets lowered 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 note on Friday, October 4th. Piper Sandler reduced their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Finally, Morgan Stanley dropped their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $55.82.

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.