HF Sinclair Co. (NYSE:DINO) Sees Large Growth in Short Interest

HF Sinclair Co. (NYSE:DINO) was the recipient of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 8,700,000 shares, a growth of 21.2% from the December 31st total of 7,180,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is currently 4.3 days. Currently, 5.1% of the company’s stock are sold short.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Barclays cut their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. TD Cowen lowered their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Finally, Scotiabank reduced their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair Stock Performance

DINO opened at $36.00 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 22.22 and a beta of 1.22. HF Sinclair has a 12-month low of $33.47 and a 12-month high of $64.16. The business has a 50 day moving average of $36.80 and a 200-day moving average of $42.46.

HF Sinclair (NYSE:DINO) last announced its quarterly 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 business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $4.06 EPS. On average, equities research analysts expect that HF Sinclair will post 1.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Several hedge funds and other institutional investors have recently modified their holdings of DINO. New York State Common Retirement Fund boosted its stake in HF Sinclair by 76.2% in the 4th quarter. New York State Common Retirement Fund now owns 188,206 shares of the company’s stock valued at $6,597,000 after purchasing an additional 81,390 shares during the period. Hara Capital LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth $122,000. Kestra Investment Management LLC boosted its position in shares of HF Sinclair by 157.2% in the fourth quarter. Kestra Investment Management LLC now owns 11,747 shares of the company’s stock valued at $412,000 after acquiring an additional 7,179 shares during the period. Kornitzer Capital Management Inc. KS grew its stake in shares of HF Sinclair by 72.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 433,155 shares of the company’s stock valued at $15,182,000 after acquiring an additional 181,550 shares in the last quarter. Finally, Buckhead Capital Management LLC increased its position in HF Sinclair by 15.7% during the fourth quarter. Buckhead Capital Management LLC now owns 67,321 shares of the company’s stock worth $2,360,000 after acquiring an additional 9,131 shares during the period. Institutional investors own 88.29% of the company’s stock.

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.