HF Sinclair (NYSE:DINO) Shares Up 3.1% - What's Next?

HF Sinclair Co. (NYSE:DINO - Get Free Report) rose 3.1% on Wednesday . The stock traded as high as $34.16 and last traded at $34.21. Approximately 112,400 shares were traded during trading, a decline of 95% from the average daily volume of 2,191,532 shares. The stock had previously closed at $33.18.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DINO shares. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. cut their price objective 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. Barclays lowered their target price on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a report on Friday, March 14th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. Finally, Mizuho dropped 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, HF Sinclair currently has an average rating of "Hold" and a consensus target price of $47.00.

HF Sinclair Stock Down 0.6 %

The company's 50 day simple moving average is $35.03 and its 200-day simple moving average is $38.78. 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 cap of $6.23 billion, a P/E ratio of 40.33 and a beta of 1.13.

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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). The company had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. Research analysts forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of HF Sinclair by 457.7% in the 4th quarter. Wellington Management Group LLP now owns 50,482 shares of the company's stock worth $1,769,000 after purchasing an additional 41,430 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in HF Sinclair by 58.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,633 shares of the company's stock worth $1,039,000 after buying an additional 10,909 shares in the last quarter. Hara Capital LLC bought a new position in shares of HF Sinclair in the fourth quarter worth about $122,000. Siemens Fonds Invest GmbH purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $98,000. Finally, Total Wealth Planning & Management Inc. bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $348,000. 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.