HF Sinclair (NYSE:DINO) Shares Gap Down on Disappointing Earnings

HF Sinclair Co. (NYSE:DINO)’s share price gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $37.86, but opened at $35.00. HF Sinclair shares last traded at $37.06, with a volume of 738,089 shares trading hands.

The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DINO. Barclays decreased their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Mizuho decreased their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $51.00.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov bought 5,000 shares of the company’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after purchasing an additional 626,755 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock worth $240,026,000 after purchasing an additional 737,696 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after purchasing an additional 617,218 shares during the period. First Trust Advisors LP raised its holdings in shares of HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after purchasing an additional 1,096,485 shares during the period. Finally, Southeastern Asset Management Inc. TN acquired a new stake in shares of HF Sinclair during the fourth quarter worth $96,344,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

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’s fifty day moving average is $36.01 and its two-hundred day moving average is $41.34. The firm has a market cap of $7.06 billion, a price-to-earnings ratio of 23.15 and a beta of 1.22.

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.