HF Sinclair (NYSE:DINO) Hits New 52-Week Low – What’s Next?

HF Sinclair Co. (NYSE:DINO)’s stock price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $38.00 and last traded at $38.00, with a volume of 295849 shares. The stock had previously closed at $38.94.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of research reports. Piper Sandler reduced their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. UBS Group reduced their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Scotiabank lowered their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho reduced their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, Barclays decreased their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.45.

HF Sinclair Stock Down 1.9 %

The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.05 billion, a P/E ratio of 23.12 and a beta of 1.20. The stock’s 50-day simple moving average is $41.91 and its 200-day simple moving average is $46.64.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the company posted $4.06 earnings per share. As a group, research analysts predict that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio is presently 123.46%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the purchase, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Large investors have recently bought and sold shares of the company. Pacer Advisors Inc. grew its stake in shares of HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after acquiring an additional 626,755 shares during the period. Dimensional Fund Advisors LP boosted its position in HF Sinclair by 7.5% during 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. Charles Schwab Investment Management Inc. increased its stake in shares of HF Sinclair by 3.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after purchasing an additional 165,313 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd lifted its stake in shares of 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 buying an additional 175,925 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.