Traders Purchase High Volume of HF Sinclair Call Options (NYSE:DINO)

HF Sinclair Co. (NYSE:DINO) was the target of unusually large options trading activity on Wednesday. Investors purchased 10,279 call options on the company. This represents an increase of approximately 803% compared to the average daily volume of 1,138 call options.

Analyst Ratings Changes

DINO has been the subject of a number of research reports. Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. UBS Group lowered their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Barclays reduced their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Wells Fargo & Company lowered shares of 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. Finally, Mizuho reduced their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.00.

Insider Buying and Selling

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently added to or reduced their stakes in the stock. Matrix Trust Co increased its stake in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after acquiring an additional 317 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in HF Sinclair during the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after purchasing an additional 558 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of HF Sinclair during the third quarter worth $50,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $38.03 on Thursday. HF Sinclair has a 52 week low of $33.47 and a 52 week high of $64.16. 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 $7.15 billion, a price-to-earnings ratio of 23.47 and a beta of 1.22. The firm has a fifty day moving average of $36.59 and a two-hundred day moving average of $42.25.

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.