HF Sinclair (NYSE:DINO) Hits New 1-Year Low at $43.88

Shares of HF Sinclair Co. (NYSE:DINO) hit a new 52-week low on Tuesday . The stock traded as low as $43.88 and last traded at $44.58, with a volume of 35335 shares trading hands. The stock had previously closed at $44.57.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on DINO shares. Morgan Stanley lowered their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Barclays upped their price objective on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. UBS Group dropped their target price on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Finally, JPMorgan Chase & Co. increased their price target on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $59.73.

HF Sinclair Trading Up 0.8 %

The business has a 50 day moving average of $47.16 and a two-hundred day moving average of $52.62. The firm has a market capitalization of $8.63 billion, a price-to-earnings ratio of 5.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the prior year, the firm earned $2.60 earnings per share. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. Equities analysts predict that HF Sinclair Co. will post 2.84 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.45%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Paragon Capital Management Inc. grew its stake in shares of HF Sinclair by 1.3% in the 2nd quarter. Paragon Capital Management Inc. now owns 33,364 shares of the company’s stock worth $1,780,000 after acquiring an additional 419 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in HF Sinclair in the 2nd quarter worth about $4,246,000. Cubist Systematic Strategies LLC purchased a new stake in HF Sinclair in the 2nd quarter valued at about $2,921,000. Sanctuary Advisors LLC bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $3,523,000. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of HF Sinclair by 5.6% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 52,688 shares of the company’s stock worth $2,811,000 after buying an additional 2,800 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

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.