HF Sinclair (NYSE:DINO) Sets New 12-Month Low After Analyst Downgrade

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s stock price reached a new 52-week low on Thursday after Mizuho lowered their price target on the stock from $45.00 to $40.00. Mizuho currently has a neutral rating on the stock. HF Sinclair traded as low as $29.73 and last traded at $29.84, with a volume of 1313753 shares. The stock had previously closed at $33.61.

DINO has been the topic of several other research reports. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. TD Cowen decreased their target price 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. dropped their price target 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. Wells Fargo & Company increased their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, March 21st. Finally, Morgan Stanley cut their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, HF Sinclair presently has an average rating of "Hold" and a consensus price target of $46.50.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.28% of the company's stock.

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Institutional Trading of HF Sinclair

Several institutional investors have recently made changes to their positions in DINO. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair during the fourth quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of HF Sinclair during the 4th quarter worth $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its position in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after buying an additional 327 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company's stock valued at $48,000 after buying an additional 558 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Down 3.8 %

The company's 50 day simple moving average is $34.36 and its two-hundred day simple moving average is $38.09. The company has a market cap of $4.99 billion, a PE ratio of 32.22 and a beta of 1.00. 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 issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. As a group, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 7.55%. HF Sinclair's dividend payout ratio (DPR) is 243.90%.

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.