HF Sinclair (NYSE:DINO) Trading 3.1% Higher – What’s Next?

HF Sinclair Co. (NYSE:DINO) rose 3.1% during trading on Wednesday . The stock traded as high as $34.16 and last traded at $34.21. Approximately 112,400 shares changed hands during trading, a decline of 95% from the average daily volume of 2,191,532 shares. The stock had previously closed at $33.18.

Analyst Ratings Changes

Several research analysts recently weighed in on DINO shares. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Mizuho dropped their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen cut their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Finally, Morgan Stanley lowered their price target on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $47.00.

HF Sinclair Trading Down 0.8 %

The firm has a market capitalization of $6.27 billion, a PE ratio of 40.60 and a beta of 1.13. The firm’s 50-day simple moving average is $35.10 and its 200-day simple moving average is $38.91. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

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

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.01%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio is 243.90%.

Insider Buying and Selling

In other news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 0.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its holdings in shares of HF Sinclair by 5.2% during the third quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company’s stock valued at $1,711,000 after acquiring an additional 1,890 shares in the last quarter. Citigroup Inc. increased its position in shares of HF Sinclair by 25.1% during the third quarter. Citigroup Inc. now owns 200,882 shares of the company’s stock valued at $8,953,000 after buying an additional 40,341 shares during the period. Cerity Partners LLC raised its stake in HF Sinclair by 53.4% in the third quarter. Cerity Partners LLC now owns 31,551 shares of the company’s stock worth $1,406,000 after buying an additional 10,988 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in HF Sinclair by 7.1% in the third quarter. Daiwa Securities Group Inc. now owns 12,100 shares of the company’s stock worth $539,000 after buying an additional 800 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in HF Sinclair by 3.0% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 150,580 shares of the company’s stock valued at $6,711,000 after acquiring an additional 4,417 shares in the last quarter. Institutional investors 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.