HF Sinclair (NYSE:DINO) Trading Down 5.2% on Analyst Downgrade

HF Sinclair Co. (NYSE:DINO)’s stock price was down 5.2% during trading on Monday after Mizuho lowered their price target on the stock from $50.00 to $45.00. Mizuho currently has a neutral rating on the stock. HF Sinclair traded as low as $35.51 and last traded at $35.52. Approximately 1,473,560 shares were traded during trading, a decline of 26% from the average daily volume of 1,997,205 shares. The stock had previously closed at $37.45.

Other analysts have also recently issued reports about the company. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Barclays dropped their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. BMO Capital Markets cut their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, Scotiabank cut their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $53.00.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was 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 represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB bought a new stake in HF Sinclair during the third quarter valued at approximately $134,000. World Investment Advisors LLC bought a new stake in HF Sinclair during the third quarter valued at about $654,000. Pine Valley Investments Ltd Liability Co purchased a new stake in HF Sinclair in the third quarter worth about $5,927,000. Virtu Financial LLC bought a new position in shares of HF Sinclair in the third quarter worth about $298,000. Finally, TD Private Client Wealth LLC lifted its position in shares of HF Sinclair by 51.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,938 shares of the company’s stock valued at $176,000 after buying an additional 1,331 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Up 0.4 %

The stock has a 50 day moving average of $41.51 and a 200-day moving average of $46.26. The company has a market capitalization of $6.73 billion, a P/E ratio of 22.07 and a beta of 1.20. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.06 earnings per share. On average, research analysts predict that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.59%. HF Sinclair’s dividend payout ratio 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.