HF Sinclair Corporation (NYSE:DINO) Short Interest Up 26.6% in December

HF Sinclair Corporation (NYSE:DINO) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 12,587,892 shares, a growth of 26.6% from the November 30th total of 9,940,211 shares. Approximately 6.9% of the company’s shares are sold short. Based on an average trading volume of 3,285,025 shares, the short-interest ratio is presently 3.8 days. Based on an average trading volume of 3,285,025 shares, the short-interest ratio is presently 3.8 days. Approximately 6.9% of the company’s shares are sold short.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of HF Sinclair by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after acquiring an additional 560,194 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 5.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after acquiring an additional 298,735 shares during the last quarter. AQR Capital Management LLC lifted its stake in shares of HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after acquiring an additional 2,609,857 shares during the period. Geode Capital Management LLC raised its holdings in HF Sinclair by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock worth $118,969,000 after purchasing an additional 27,548 shares during the last quarter. Finally, Millennium Management LLC raised its stake in HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after buying an additional 1,329,408 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 0.4%

DINO stock opened at $46.08 on Friday. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $56.58. The business has a 50-day simple moving average of $51.15 and a 200 day simple moving average of $48.79. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The company has a market cap of $8.48 billion, a PE ratio of 22.05 and a beta of 0.85.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $1.94 by $0.50. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same period last year, the firm earned $0.51 EPS. The business’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were paid a $0.50 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DINO. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Monday, November 10th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a report on Monday. The Goldman Sachs Group increased their target price on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. UBS Group upped their price objective on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Finally, Piper Sandler upped their target price on HF Sinclair from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $60.20.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.