HF Sinclair (NYSE:DINO) Sets New 12-Month Low After Analyst Downgrade

HF Sinclair Co. (NYSE:DINO) hit a new 52-week low during mid-day trading on Wednesday after TD Cowen lowered their price target on the stock from $43.00 to $35.00. TD Cowen currently has a hold rating on the stock. HF Sinclair traded as low as $35.31 and last traded at $35.34, with a volume of 227451 shares trading hands. The stock had previously closed at $35.76.

Other analysts have also issued research reports about the company. Barclays lowered their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. UBS Group dropped their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, BMO Capital Markets reduced their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $51.45.

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost 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 represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Large investors have recently added to or reduced their stakes in the business. Matrix Trust Co increased its holdings in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of HF Sinclair in the third quarter worth $27,000. Innealta Capital LLC bought a new stake in shares of HF Sinclair during the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV grew its stake in HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in HF Sinclair in the 3rd quarter worth approximately $50,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Down 3.0 %

The company has a market capitalization of $6.53 billion, a price-to-earnings ratio of 21.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm’s 50-day simple moving average is $41.31 and its 200-day simple moving average is $46.18.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data 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. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the company posted $4.06 EPS. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. Sell-side analysts forecast that HF Sinclair Co. will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

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.