HF Sinclair (NYSE:DINO) Reaches New 52-Week Low - Here's Why

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as $33.10 and last traded at $33.10, with a volume of 1685405 shares trading hands. The stock had previously closed at $35.27.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on DINO shares. TD Cowen decreased their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a report on Wednesday, December 18th. Barclays lowered their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Mizuho reduced their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday, December 16th. Wells Fargo & Company downgraded HF Sinclair from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their price target on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $51.00.

HF Sinclair Trading Up 0.9 %

The business's 50 day simple moving average is $35.94 and its 200 day simple moving average is $40.53. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 37.68 and a beta of 1.22. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

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). The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, research analysts expect that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.48%. The ex-dividend date is Thursday, March 6th. HF Sinclair's payout ratio is presently 243.90%.

Insider Buying and Selling at HF Sinclair

In related news, CFO Atanas H. Atanasov acquired 5,000 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares of the company's stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders acquired 17,635 shares of company stock valued at $632,860 in the last quarter. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Private Advisor Group LLC acquired a new position in shares of HF Sinclair in the third quarter valued at about $344,000. State of Alaska Department of Revenue grew its position in shares of HF Sinclair by 13.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 21,716 shares of the company's stock worth $967,000 after purchasing an additional 2,535 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of HF Sinclair by 9.4% in the third quarter. Janney Montgomery Scott LLC now owns 37,088 shares of the company's stock valued at $1,653,000 after buying an additional 3,193 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in HF Sinclair by 42.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 274,805 shares of the company's stock worth $12,248,000 after buying an additional 81,344 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its stake in HF Sinclair by 17.2% during the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 251,605 shares of the company's stock worth $11,214,000 after acquiring an additional 36,970 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Company Profile

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.