HF Sinclair (NYSE:DINO) Shares Gap Down Following Analyst Downgrade

Shares of HF Sinclair Corporation (NYSE:DINO) gapped down prior to trading on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $71.26, but opened at $67.51. HF Sinclair shares last traded at $67.2740, with a volume of 167,552 shares changing hands.

Other analysts have also recently issued reports about the company. UBS Group upped their target price on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Freedom Capital upgraded HF Sinclair to a “hold” rating in a report on Friday, June 5th. Raymond James Financial increased their price target on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 25th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $81.00 price objective on shares of HF Sinclair in a research report on Wednesday, May 6th. Finally, TD Cowen raised their price objective on shares of HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.64.

Insider Activity at HF Sinclair

In other news, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer owned 11,475 shares of the company’s stock, valued at $824,937.75. This trade represents a 5.88% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of HF Sinclair stock in a transaction dated Tuesday, June 16th. The shares were bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have sold 13,736 shares of company stock worth $954,694. Corporate insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

Several large investors have recently modified their holdings of the stock. CI Investments Inc. lifted its holdings in shares of HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after purchasing an additional 187 shares in the last quarter. Virtus Investment Advisers LLC lifted its holdings in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. lifted its holdings in shares of HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after purchasing an additional 210 shares in the last quarter. Unison Advisors LLC lifted its holdings in shares of HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after purchasing an additional 218 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after purchasing an additional 221 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.0%

The business has a fifty day moving average of $66.52 and a 200-day moving average of $57.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The company has a market capitalization of $11.88 billion, a P/E ratio of 9.91 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period last year, the business earned ($0.27) EPS. HF Sinclair’s quarterly revenue was up 11.8% compared to the same quarter last year. Analysts anticipate that HF Sinclair Corporation will post 8.9 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, May 11th. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

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.