Short Interest in HF Sinclair Co. (NYSE:DINO) Increases By 7.8%

HF Sinclair Co. (NYSE:DINO - Get Free Report) saw a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 7,180,000 shares, a growth of 7.8% from the November 30th total of 6,660,000 shares. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is presently 3.5 days. Currently, 4.2% of the company's shares are short sold.

HF Sinclair Stock Up 0.2 %

DINO stock traded up $0.08 during trading on Thursday, hitting $35.13. 1,472,622 shares of the stock traded hands, compared to its average volume of 1,564,876. The firm's 50 day moving average is $39.30 and its two-hundred day moving average is $44.86. The stock has a market cap of $6.61 billion, a price-to-earnings ratio of 21.69 and a beta of 1.20. HF Sinclair has a 1 year low of $33.47 and a 1 year high of $64.16. 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 - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to analysts' expectations of $7.11 billion. During the same quarter in the previous year, the business earned $4.06 earnings per share. The company's revenue was down 19.1% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair will post 2.27 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Thursday, November 21st. HF Sinclair's dividend payout ratio is 123.46%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares of the company's stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 17,000 shares of company stock worth $628,370 in the last ninety days. 0.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently made changes to their positions in the company. V Square Quantitative Management LLC boosted its position in shares of HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company's stock valued at $101,000 after acquiring an additional 226 shares during the last quarter. Matrix Trust Co boosted its holdings in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after purchasing an additional 317 shares during the period. Massmutual Trust Co. FSB ADV grew its position in shares of HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after buying an additional 370 shares in the last quarter. Signaturefd LLC lifted its stake in HF Sinclair by 10.1% in the third quarter. Signaturefd LLC now owns 4,275 shares of the company's stock worth $191,000 after acquiring an additional 392 shares during the period. Finally, United Services Automobile Association lifted its stake in HF Sinclair by 3.5% in the second quarter. United Services Automobile Association now owns 11,805 shares of the company's stock worth $630,000 after acquiring an additional 396 shares during the period. 88.29% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DINO. Piper Sandler dropped their target price 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. BMO Capital Markets cut their price objective on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Barclays reduced their target price on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating on the stock in a report on Monday, November 11th. Wells Fargo & Company cut HF Sinclair from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, TD Cowen reduced their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $51.45.

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.