HF Sinclair (NYSE:DINO) Hits New 12-Month Low – Should You Sell?

HF Sinclair Co. (NYSE:DINO)’s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $38.00 and last traded at $38.00, with a volume of 295849 shares traded. The stock had previously closed at $38.94.

Analyst Upgrades and Downgrades

Several analysts have issued reports on DINO shares. UBS Group lowered their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Barclays dropped their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Morgan Stanley dropped their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Piper Sandler reduced their price target 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. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $53.45.

HF Sinclair Trading Down 1.9 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a market capitalization of $7.05 billion, a P/E ratio of 23.12 and a beta of 1.20. The stock has a 50-day moving average price of $41.91 and a two-hundred day moving average price of $46.64.

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

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Institutional Trading of HF Sinclair

Several institutional investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in shares of HF Sinclair by 399.1% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock valued at $3,108,000 after buying an additional 46,586 shares during the last quarter. Blue Trust Inc. raised its stake in shares of HF Sinclair by 42.5% in the second quarter. Blue Trust Inc. now owns 3,092 shares of the company’s stock worth $165,000 after purchasing an additional 922 shares during the last quarter. Neo Ivy Capital Management bought a new position in shares of HF Sinclair during the second quarter valued at $806,000. Fifth Third Bancorp increased its holdings in HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after buying an additional 267 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new stake in HF Sinclair in the 2nd quarter worth about $250,000. 88.29% of the stock is owned by hedge funds and other 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.