HF Sinclair (NYSE:DINO) Sets New 1-Year Low - Time to Sell?

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $43.84 and last traded at $44.02, with a volume of 947032 shares changing hands. The stock had previously closed at $45.24.

Analysts Set New Price Targets

A number of analysts have issued reports on DINO shares. Wells Fargo & Company decreased their price target on HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. UBS Group lowered their target price on shares of HF Sinclair from $73.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Wolfe Research assumed coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a "peer perform" rating on the stock. Scotiabank lowered their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Finally, Argus raised HF Sinclair to a "hold" rating in a research report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $55.82.

HF Sinclair Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The company has a market cap of $8.31 billion, a PE ratio of 5.44 and a beta of 1.16. The company has a 50-day moving average price of $46.44 and a two-hundred day moving average price of $51.58.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter last year, the company earned $2.60 earnings per share. HF Sinclair's revenue for the quarter was up .2% on a year-over-year basis. Sell-side analysts expect that HF Sinclair Co. will post 2.65 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.62%. The ex-dividend date was Wednesday, August 21st. HF Sinclair's dividend payout ratio (DPR) is 24.75%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Rise Advisors LLC acquired a new position in HF Sinclair during the 1st quarter worth $26,000. Matrix Trust Co grew its stake in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after purchasing an additional 317 shares in the last quarter. Riverview Trust Co acquired a new position in HF Sinclair in the first quarter worth about $31,000. Innealta Capital LLC bought a new stake in HF Sinclair in the second quarter valued at about $34,000. Finally, Massmutual Trust Co. FSB ADV raised its stake in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock valued at $37,000 after buying an additional 370 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company's stock.

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.

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