HF Sinclair Co. (NYSE:DINO) Short Interest Update

HF Sinclair Co. (NYSE:DINO - Get Free Report) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 7,710,000 shares, a growth of 7.4% from the October 15th total of 7,180,000 shares. Based on an average daily volume of 2,190,000 shares, the days-to-cover ratio is currently 3.5 days. Approximately 4.5% of the company's shares are sold short.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DINO. Morgan Stanley lowered their price objective on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Mizuho lowered their price objective on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. 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 report on Thursday, October 10th. Finally, BMO Capital Markets lowered their target price on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $54.27.

HF Sinclair Stock Down 1.8 %

Shares of NYSE:DINO traded down $0.76 during mid-day trading on Tuesday, hitting $42.28. 1,694,241 shares of the company traded hands, compared to its average volume of 2,024,981. The stock has a market cap of $7.96 billion, a P/E ratio of 26.10 and a beta of 1.18. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair has a 12-month low of $38.25 and a 12-month high of $64.16. The stock has a 50-day moving average price of $43.86 and a two-hundred day moving average price of $48.64.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analysts' expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $4.06 earnings per share. On average, equities research analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.73%. HF Sinclair's dividend payout ratio is currently 123.46%.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly 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 this link. Insiders own 0.28% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Matrix Trust Co boosted its position in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the 3rd quarter valued at $27,000. Innealta Capital LLC purchased a new position in shares of HF Sinclair during the 2nd quarter valued at $34,000. Massmutual Trust Co. FSB ADV lifted 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 valued at $37,000 after buying an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in shares of HF Sinclair during the 3rd quarter valued at $50,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

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.