HF Sinclair (NYSE:DINO) Stock Price Down 4.9% – What’s Next?

HF Sinclair Co. (NYSE:DINO)’s share price was down 4.9% during mid-day trading on Wednesday . The company traded as low as $29.85 and last traded at $30.19. Approximately 3,028,206 shares changed hands during mid-day trading, a decline of 2% from the average daily volume of 3,087,177 shares. The stock had previously closed at $31.75.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of recent analyst reports. TD Cowen dropped their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Barclays decreased their price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Piper Sandler reiterated an “overweight” rating and issued a $49.00 price objective on shares of HF Sinclair in a report on Friday. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $51.00.

HF Sinclair Stock Performance

The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13. The stock’s 50 day moving average is $35.89 and its two-hundred day moving average is $40.47.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. Analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.21%. HF Sinclair’s dividend payout ratio (DPR) is currently 243.90%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov bought 7,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 17,635 shares of company stock worth $632,860 over the last 90 days. 0.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently bought and sold shares of the business. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair in the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC purchased a new stake in HF Sinclair during the fourth quarter worth about $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the fourth quarter worth about $31,000. Lee Danner & Bass Inc. purchased a new position in HF Sinclair in the fourth quarter valued at about $32,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.