HF Sinclair (NYSE:DINO) Reaches New 1-Year Low on Analyst Downgrade

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Wednesday after TD Cowen lowered their price target on the stock from $43.00 to $35.00. TD Cowen currently has a hold rating on the stock. HF Sinclair traded as low as $35.31 and last traded at $35.34, with a volume of 227451 shares traded. The stock had previously closed at $35.76.

Several other equities analysts have also recently issued reports on the stock. Scotiabank dropped their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company cut shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $53.00 to $45.00 in a report on Monday, December 9th. UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. BMO Capital Markets reduced their price target 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. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a report on Tuesday, December 10th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $51.45.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction on Friday, November 1st. The shares were bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company's stock.

Institutional Trading of HF Sinclair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC increased its position in HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company's stock worth $101,000 after purchasing an additional 226 shares during the last quarter. Empirical Finance LLC raised its position in shares of HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company's stock worth $1,029,000 after buying an additional 228 shares during the period. Fifth Third Bancorp boosted its holdings in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company's stock valued at $227,000 after acquiring an additional 267 shares during the last quarter. Matrix Trust Co boosted its holdings in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after acquiring an additional 317 shares during the last quarter. Finally, iA Global Asset Management Inc. increased its stake in HF Sinclair by 7.5% during the second quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company's stock worth $260,000 after acquiring an additional 342 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Down 3.0 %

The firm has a 50 day moving average price of $41.31 and a two-hundred day moving average price of $46.18. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 21.42 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 (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. During the same quarter in the prior year, the business earned $4.06 earnings per share. The business's quarterly revenue was down 19.1% compared to the same quarter last year. On average, equities analysts expect that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.76%. HF Sinclair's payout ratio is currently 123.46%.

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.