HF Sinclair (NYSE:DINO) Stock Price Down 5.2% After Analyst Downgrade

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s stock price dropped 5.2% during trading on Monday after Mizuho lowered their price target on the stock from $50.00 to $45.00. Mizuho currently has a neutral rating on the stock. HF Sinclair traded as low as $35.51 and last traded at $35.52. Approximately 1,473,560 shares changed hands during mid-day trading, a decline of 26% from the average daily volume of 1,997,205 shares. The stock had previously closed at $37.45.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley cut their price objective on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. 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 report on Thursday, October 10th. UBS Group reduced their target price on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Finally, Barclays lowered their target price on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $53.00.

Insider Activity

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of the firm's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.28% of the stock is owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of hedge funds have recently made changes to their positions in DINO. Matrix Trust Co lifted its stake in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after buying an additional 317 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in HF Sinclair during the third quarter worth approximately $27,000. Innealta Capital LLC bought a new stake in shares of HF Sinclair during the second quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after acquiring an additional 370 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of HF Sinclair during the third quarter worth approximately $50,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

The company has a fifty day moving average of $41.69 and a two-hundred day moving average of $46.40. The firm has a market capitalization of $6.70 billion, a price-to-earnings ratio of 21.98 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter last year, the firm earned $4.06 earnings per share. The company's revenue was down 19.1% on a year-over-year basis. As a group, equities research analysts predict that HF Sinclair Co. will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.62%. HF Sinclair's payout ratio is presently 123.46%.

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.