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

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s stock price reached a new 52-week low during trading on Wednesday . The stock traded as low as $24.66 and last traded at $25.09, with a volume of 433904 shares traded. The stock had previously closed at $25.91.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Morgan Stanley decreased their price target on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research report on Friday, March 14th. Wells Fargo & Company increased their price objective on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Barclays cut their target price on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a report on Friday, March 14th. TD Cowen decreased their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Finally, Scotiabank lowered their price objective on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $45.70.

HF Sinclair Price Performance

The stock has a market capitalization of $5.25 billion, a P/E ratio of 34.00 and a beta of 1.00. 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 fifty day simple moving average of $33.26 and a 200-day simple moving average of $37.38.

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HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. Sell-side analysts expect that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.50 dividend. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 7.17%. HF Sinclair's dividend payout ratio is presently 243.90%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock worth $37,845,000 after buying an additional 33,373 shares during the last quarter. Amundi raised its holdings in shares of HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock worth $61,025,000 after acquiring an additional 996,155 shares during the last quarter. Aigen Investment Management LP lifted its position in HF Sinclair by 124.9% in the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock valued at $2,216,000 after acquiring an additional 35,121 shares in the last quarter. Norges Bank bought a new position in HF Sinclair in the 4th quarter valued at about $41,317,000. Finally, Merit Financial Group LLC bought a new stake in HF Sinclair during the 4th quarter worth approximately $263,000. 88.29% of the stock is currently owned by institutional investors.

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.