HF Sinclair (NYSE:DINO) Reaches New 1-Year Low – Should You Sell?

HF Sinclair Co. (NYSE:DINO) reached a new 52-week low during trading on Tuesday . The company traded as low as $33.47 and last traded at $34.13, with a volume of 2368576 shares changing hands. The stock had previously closed at $33.76.

Analysts Set New Price Targets

A number of brokerages have weighed in on DINO. Piper Sandler dropped their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Morgan Stanley dropped their target price 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. BMO Capital Markets decreased their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Finally, Scotiabank decreased their target price on 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. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $51.45.

HF Sinclair Price Performance

The stock’s 50 day moving average is $40.24 and its two-hundred day moving average is $45.49. The stock has a market capitalization of $6.47 billion, a PE ratio of 21.23 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $4.06 EPS. As a group, sell-side analysts forecast that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired a total of 17,000 shares of company stock worth $628,370 over the last 90 days. 0.28% of the stock is owned by insiders.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently made changes to their positions in DINO. V Square Quantitative Management LLC raised its position in HF Sinclair by 11.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after purchasing an additional 226 shares during the last quarter. Empirical Finance LLC raised its holdings in shares of HF Sinclair by 1.2% in the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after buying an additional 228 shares during the last quarter. Matrix Trust Co boosted its stake in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the period. iA Global Asset Management Inc. grew its holdings in shares of HF Sinclair by 7.5% during the second quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock worth $260,000 after buying an additional 342 shares during the last quarter. Finally, Massmutual Trust Co. FSB ADV grew its holdings in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares during 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.