HF Sinclair Sees Unusually Large Options Volume (NYSE:DINO)

HF Sinclair Co. (NYSE:DINO - Get Free Report) was the target of some unusual options trading activity on Wednesday. Investors bought 10,279 call options on the stock. This represents an increase of 803% compared to the average daily volume of 1,138 call options.

HF Sinclair Price Performance

Shares of DINO traded down $0.41 during trading hours on Friday, hitting $36.27. 1,870,908 shares of the stock were exchanged, compared to its average volume of 2,593,447. The stock's 50-day moving average price is $36.35 and its two-hundred day moving average price is $42.05. 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 company has a market cap of $6.82 billion, a price-to-earnings ratio of 22.39 and a beta of 1.22. HF Sinclair has a 12-month low of $33.47 and a 12-month high of $64.16.

Insider Buying and Selling at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its holdings in HF Sinclair by 8.1% in the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock valued at $374,909,000 after acquiring an additional 626,755 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock valued at $193,197,000 after purchasing an additional 617,218 shares in the last quarter. Amundi increased its holdings in shares of HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after purchasing an additional 996,155 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in HF Sinclair by 11.7% during the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company's stock worth $74,797,000 after buying an additional 175,925 shares in the last quarter. Finally, FMR LLC boosted its stake in HF Sinclair by 13.8% during the third quarter. FMR LLC now owns 1,167,209 shares of the company's stock worth $52,023,000 after buying an additional 141,472 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on DINO shares. Barclays dropped their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. JPMorgan Chase & Co. cut their price objective 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. UBS Group decreased their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, November 4th. Wells Fargo & Company cut HF Sinclair from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Mizuho reduced their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, HF Sinclair has a consensus rating of "Hold" and a consensus target price of $51.00.

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.