HF Sinclair (NYSE:DINO) Hits New 52-Week Low - Time to Sell?

Shares of HF Sinclair Co. (NYSE:DINO - Get Free Report) hit a new 52-week low during trading on Tuesday . The company traded as low as $33.47 and last traded at $34.13, with a volume of 2368576 shares traded. The stock had previously closed at $33.76.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DINO shares. Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Morgan Stanley decreased their price target on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a research note on Monday, September 16th. TD Cowen dropped their price objective 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. BMO Capital Markets cut their price objective on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $51.45.

HF Sinclair Trading Up 0.8 %

The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business has a 50 day moving average of $40.60 and a two-hundred day moving average of $45.70. The firm has a market capitalization of $6.47 billion, a price-to-earnings ratio of 21.23 and a beta of 1.20.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business's quarterly revenue was down 19.1% compared to the same quarter last year. During the same period last year, the firm earned $4.06 earnings per share. Equities analysts predict that HF Sinclair Co. will post 2.27 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.81%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's dividend payout ratio (DPR) is presently 123.46%.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was bought 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 owns 71,927 shares in the company, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 17,000 shares of company stock valued at $628,370 in the last three months. 0.28% of the stock is currently owned by insiders.

Institutional Trading of HF Sinclair

Several institutional investors and hedge funds have recently modified their holdings of DINO. Pacer Advisors Inc. lifted its stake in HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC boosted its holdings in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock valued at $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Squarepoint Ops LLC raised its holdings in HF Sinclair by 90.2% in the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock worth $45,315,000 after purchasing an additional 402,793 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock valued at $306,665,000 after purchasing an additional 399,988 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in HF Sinclair in the second quarter worth about $12,001,000. 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.