HF Sinclair Co. (NYSE:DINO) Short Interest Up 21.2% in January

HF Sinclair Co. (NYSE:DINO - Get Free Report) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 8,700,000 shares, a growth of 21.2% from the December 31st total of 7,180,000 shares. Currently, 5.1% of the company's shares are short sold. Based on an average daily trading volume, of 2,030,000 shares, the days-to-cover ratio is currently 4.3 days.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded up $0.08 on Wednesday, reaching $38.04. 1,796,125 shares of the company traded hands, compared to its average volume of 2,508,411. HF Sinclair has a 52 week low of $33.47 and a 52 week high of $64.16. The firm has a market capitalization of $7.16 billion, a PE ratio of 23.49 and a beta of 1.22. 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 has a 50 day moving average of $36.59 and a 200 day moving average of $42.25.

Analysts Set New Price Targets

Several brokerages have weighed in on DINO. TD Cowen dropped their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Barclays cut 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 report on Monday, January 13th. Wells Fargo & Company cut 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 report on Monday, December 9th. Finally, Scotiabank decreased their price target 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of "Hold" and a consensus price target of $51.00.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of the business's stock in a transaction on Thursday, December 12th. The stock was acquired at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.28% of the company's stock.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock valued at $374,909,000 after purchasing an additional 626,755 shares in the last quarter. Cambiar Investors LLC bought a new stake in HF Sinclair in the fourth quarter worth $7,751,000. Kornitzer Capital Management Inc. KS grew its stake in shares of HF Sinclair by 72.2% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 433,155 shares of the company's stock valued at $15,182,000 after buying an additional 181,550 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in shares of HF Sinclair by 11.7% in the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock valued at $74,797,000 after acquiring an additional 175,925 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company's stock valued at $218,163,000 after acquiring an additional 165,313 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

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.