HF Sinclair Co. (NYSE:DINO) Short Interest Down 10.5% in September

HF Sinclair Co. (NYSE:DINO) saw a significant drop in short interest in September. As of September 15th, there was short interest totalling 8,480,000 shares, a drop of 10.5% from the August 31st total of 9,470,000 shares. Based on an average daily trading volume, of 2,030,000 shares, the short-interest ratio is presently 4.2 days. Currently, 4.9% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research firms have issued reports on DINO. UBS Group lowered their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a report on Tuesday, August 13th. Piper Sandler decreased their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Morgan Stanley lowered their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Wolfe Research assumed coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Wells Fargo & Company cut their price target on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and an average price target of $59.73.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of DINO. Rise Advisors LLC bought a new stake in shares of HF Sinclair during the 1st quarter valued at about $26,000. Riverview Trust Co acquired a new stake in shares of HF Sinclair in the 1st quarter worth about $31,000. Innealta Capital LLC acquired a new position in HF Sinclair during the 2nd quarter valued at about $34,000. Quarry LP bought a new stake in HF Sinclair during the 4th quarter worth approximately $39,000. Finally, Bessemer Group Inc. lifted its holdings in shares of HF Sinclair by 201.0% in the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock valued at $71,000 after purchasing an additional 782 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

HF Sinclair stock traded down $0.34 during midday trading on Tuesday, reaching $44.23. 2,679,616 shares of the company’s stock were exchanged, compared to its average volume of 2,047,537. 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 has a 52 week low of $43.88 and a 52 week high of $64.16. The stock’s 50-day simple moving average is $47.08 and its 200 day simple moving average is $52.51. The firm has a market cap of $8.50 billion, a price-to-earnings ratio of 5.47 and a beta of 1.18.

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

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.52%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

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.