HF Sinclair (NYSE:DINO) Sets New 1-Year Low - Should You Sell?

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as $42.98 and last traded at $43.05, with a volume of 546099 shares traded. The stock had previously closed at $44.05.

Wall Street Analyst Weigh In

Several research firms have weighed in on DINO. JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 2nd. Morgan Stanley lowered their target price on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. BMO Capital Markets reduced their price target on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Barclays lowered their price objective on HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a report on Monday, October 7th. Finally, UBS Group reduced their target price on HF Sinclair from $73.00 to $70.00 and set a "buy" rating for the company in a report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of "Moderate Buy" and an average target price of $55.82.

HF Sinclair Stock Down 2.6 %

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 firm has a 50 day simple moving average of $46.07 and a 200-day simple moving average of $50.76. The stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of 5.31 and a beta of 1.16.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair's dividend payout ratio is presently 24.75%.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently made changes to their positions in DINO. Matrix Trust Co grew its position 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 period. Riverview Trust Co acquired a new stake in HF Sinclair during the 1st quarter worth $31,000. Innealta Capital LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $34,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock valued at $37,000 after purchasing an additional 370 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of HF Sinclair by 201.0% in the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company's stock worth $71,000 after purchasing an additional 782 shares during the last quarter. 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.