Short Interest in HF Sinclair Co. (NYSE:DINO) Decreases By 5.8%

HF Sinclair Co. (NYSE:DINO) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 7,990,000 shares, a decrease of 5.8% from the September 15th total of 8,480,000 shares. Currently, 4.6% of the shares of the stock are sold short. Based on an average trading volume of 2,140,000 shares, the short-interest ratio is presently 3.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Unison Advisors LLC increased its position in HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after buying an additional 179 shares during the period. Capital Advisors Wealth Management LLC lifted its holdings in shares of HF Sinclair by 2.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after purchasing an additional 190 shares during the period. Poehling Capital Management INC. lifted its stake in shares of HF Sinclair by 0.3% in the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after acquiring an additional 203 shares during the period. Empirical Finance LLC boosted its holdings in HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after purchasing an additional 228 shares in the last quarter. Finally, Fifth Third Bancorp increased its position in HF Sinclair by 6.7% during the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after purchasing an additional 267 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on DINO shares. Wells Fargo & Company decreased their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 9th. Wolfe Research began coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. Scotiabank decreased their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. JPMorgan Chase & Co. cut their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Finally, Piper Sandler decreased their target price 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Moderate Buy” and an average target price of $55.82.

HF Sinclair Trading Up 0.9 %

Shares of DINO traded up $0.41 during trading on Thursday, reaching $44.07. 378,844 shares of the company traded hands, compared to its average volume of 2,028,294. The stock has a 50-day simple moving average of $46.35 and a 200-day simple moving average of $51.40. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. HF Sinclair has a twelve month low of $43.17 and a twelve month high of $64.16. The stock has a market cap of $8.47 billion, a PE ratio of 5.45 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.60 EPS. On average, analysts anticipate that HF Sinclair will post 2.65 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.54%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

About HF Sinclair

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.