HF Sinclair Target of Unusually High Options Trading (NYSE:DINO)

HF Sinclair Co. (NYSE:DINO) saw some unusual options trading on Tuesday. Investors acquired 5,012 call options on the stock. This represents an increase of 316% compared to the average volume of 1,206 call options.

Insider Buying and Selling at HF Sinclair

In other news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average price of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. lifted its position in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after buying an additional 33,373 shares during the period. Aigen Investment Management LP purchased a new position in shares of HF Sinclair during the 3rd quarter worth about $1,253,000. Merit Financial Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter worth approximately $263,000. Blue Trust Inc. grew its holdings in HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after purchasing an additional 2,655 shares during the period. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in HF Sinclair during the third quarter worth approximately $5,927,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. JPMorgan Chase & Co. decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. TD Cowen cut their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Finally, Mizuho decreased their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Stock Down 0.8 %

DINO stock opened at $36.61 on Wednesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company’s 50 day simple moving average is $36.03 and its 200-day simple moving average is $41.07. HF Sinclair has a 12 month low of $33.47 and a 12 month high of $64.16. The firm has a market capitalization of $6.90 billion, a PE ratio of 44.65 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Equities analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.50 dividend. The ex-dividend date is Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 5.46%. HF Sinclair’s payout ratio is currently 243.90%.

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.