HF Sinclair Sees Unusually High Options Volume (NYSE:DINO)

HF Sinclair Corporation (NYSE:DINO) was the target of unusually large options trading on Wednesday. Traders bought 7,360 call options on the company. This represents an increase of 232% compared to the typical volume of 2,214 call options.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler decreased their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 12th. Mizuho lifted their target price on HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. Argus upgraded HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Finally, Barclays lifted their target price on HF Sinclair from $51.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average target price of $62.00.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in HF Sinclair during the fourth quarter worth approximately $26,000. Quent Capital LLC bought a new stake in HF Sinclair during the third quarter worth approximately $28,000. REAP Financial Group LLC bought a new stake in HF Sinclair during the fourth quarter worth approximately $29,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair during the fourth quarter worth approximately $36,000. Finally, State of Wyoming bought a new stake in HF Sinclair during the second quarter worth approximately $41,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $59.50 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The stock has a 50 day simple moving average of $57.26 and a 200-day simple moving average of $53.46. The company has a market cap of $10.73 billion, a PE ratio of 19.38 and a beta of 0.70. HF Sinclair has a 12-month low of $29.23 and a 12-month high of $64.70.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The business had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the firm posted ($1.02) earnings per share. The business’s revenue was down .6% on a year-over-year basis. On average, equities research analysts forecast that HF Sinclair will post 5.92 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.4%. HF Sinclair’s payout ratio is presently 65.15%.

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.