HF Sinclair Corporation (NYSE:DINO) Short Interest Down 14.9% in January

HF Sinclair Corporation (NYSE:DINO) was the target of a large decrease in short interest in January. As of January 30th, there was short interest totaling 10,789,956 shares, a decrease of 14.9% from the January 15th total of 12,673,766 shares. Currently, 5.9% of the company’s stock are short sold. Based on an average trading volume of 2,429,345 shares, the days-to-cover ratio is currently 4.4 days. Based on an average trading volume of 2,429,345 shares, the days-to-cover ratio is currently 4.4 days. Currently, 5.9% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Scotiabank reiterated an “outperform” rating and issued a $62.00 price objective on shares of HF Sinclair in a report on Friday, January 16th. Morgan Stanley lifted their target price on HF Sinclair from $60.00 to $61.00 and gave the company an “overweight” rating in a research report on Tuesday, January 27th. UBS Group lifted their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. Finally, Piper Sandler lowered their target price on shares of HF Sinclair from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $59.90.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds have recently added to or reduced their stakes in DINO. Goldman Sachs Group Inc. grew its stake in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth grew its position in HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after acquiring an additional 8,102 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of HF Sinclair by 21.4% during the second quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock valued at $71,000 after purchasing an additional 299 shares during the period. Sequoia Financial Advisors LLC bought a new position in shares of HF Sinclair in the second quarter worth about $258,000. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in HF Sinclair in the 2nd quarter worth about $12,755,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $58.55 on Monday. The stock has a 50 day moving average price of $50.27 and a 200-day moving average price of $50.76. HF Sinclair has a one year low of $24.66 and a one year high of $59.33. The stock has a market cap of $10.77 billion, a price-to-earnings ratio of 28.02 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91.

HF Sinclair Company Profile

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.