HF Sinclair Co. (NYSE:DINO) Short Interest Update

HF Sinclair Co. (NYSE:DINO) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 7,710,000 shares, a growth of 7.4% from the October 15th total of 7,180,000 shares. Currently, 4.5% of the company’s stock are sold short. Based on an average trading volume of 2,190,000 shares, the short-interest ratio is presently 3.5 days.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Piper Sandler dropped their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Wells Fargo & Company dropped their price target on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. BMO Capital Markets decreased their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Mizuho dropped their target price on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and a consensus target price of $54.27.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the purchase, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Matrix Trust Co lifted its position in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair during the 3rd quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in HF Sinclair during the second quarter valued at $34,000. Massmutual Trust Co. FSB ADV lifted its holdings in shares of 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 acquiring an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $50,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 2.0 %

NYSE:DINO opened at $43.04 on Tuesday. HF Sinclair has a one year low of $38.25 and a one year high of $64.16. The business has a fifty day moving average price of $43.86 and a 200-day moving average price of $48.64. The firm has a market capitalization of $8.10 billion, a price-to-earnings ratio of 26.57 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the prior year, the business posted $4.06 earnings per share. The business’s quarterly revenue was down 19.1% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. 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.