HF Sinclair (NYSE:DINO) Hits New 1-Year Low – Here’s Why

HF Sinclair Co. (NYSE:DINO) shares reached a new 52-week low on Wednesday . The stock traded as low as $42.98 and last traded at $43.05, with a volume of 546099 shares traded. The stock had previously closed at $44.05.

Analysts Set New Price Targets

Several research firms have recently weighed in on DINO. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Wolfe Research began coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Piper Sandler decreased their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Barclays reduced their target price on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, October 7th. Finally, Mizuho reduced their target price on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Moderate Buy” and an average target price of $55.82.

HF Sinclair Stock Performance

The stock’s 50-day moving average price is $45.96 and its 200 day moving average price is $50.71. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The firm has a market cap of $8.26 billion, a P/E ratio of 5.29 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. HF Sinclair’s revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.60 earnings per share. As a group, equities analysts predict that HF Sinclair Co. will post 2.65 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

Institutional Trading of HF Sinclair

Large investors have recently modified their holdings of the stock. Pallas Capital Advisors LLC bought a new position in HF Sinclair during the 3rd quarter valued at $575,000. Nisa Investment Advisors LLC increased its holdings in HF Sinclair by 4.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 148,675 shares of the company’s stock worth $6,626,000 after acquiring an additional 6,090 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in HF Sinclair by 13.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 21,716 shares of the company’s stock worth $967,000 after acquiring an additional 2,535 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in HF Sinclair by 11.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,771 shares of the company’s stock worth $4,564,000 after acquiring an additional 9,966 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its holdings in HF Sinclair by 6.1% during the 3rd quarter. Louisiana State Employees Retirement System now owns 45,000 shares of the company’s stock valued at $2,006,000 after buying an additional 2,600 shares in the last quarter. Institutional investors and hedge funds 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.