HF Sinclair (NYSE:DINO) Sets New 12-Month Low – Here’s What Happened

HF Sinclair Co. (NYSE:DINO)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $42.06 and last traded at $42.06, with a volume of 21411 shares trading hands. The stock had previously closed at $42.88.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Scotiabank dropped their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered their price objective on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Morgan Stanley decreased their price target 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, Barclays dropped their price objective on 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. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $55.82.

HF Sinclair Price Performance

The company’s fifty day simple moving average is $45.72 and its 200-day simple moving average is $50.30. The stock has a market cap of $8.00 billion, a P/E ratio of 5.30 and a beta of 1.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the prior year, the business posted $2.60 earnings per share. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts forecast that HF Sinclair Co. will post 2.32 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in HF Sinclair by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares during the last quarter. Pacer Advisors Inc. grew its position in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after acquiring an additional 2,868,273 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares in the last quarter. AQR Capital Management LLC raised its position in HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in HF Sinclair by 11.7% in the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock worth $74,797,000 after purchasing an additional 175,925 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.