HF Sinclair (NYSE:DINO) Hits New 12-Month Low - Time to Sell?

HF Sinclair Co. (NYSE:DINO - Get Free Report)'s share price reached a new 52-week low on Tuesday . The stock traded as low as $42.06 and last traded at $42.06, with a volume of 21411 shares. The stock had previously closed at $42.88.

Analyst Ratings Changes

DINO has been the topic of a number of research reports. Barclays cut their price target on shares of HF Sinclair from $53.00 to $44.00 and set an "equal weight" rating on the stock in a research note on Monday, October 7th. JPMorgan Chase & Co. cut their price target 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. Scotiabank cut their price target on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a research note on Thursday, October 10th. UBS Group cut their price target on shares of HF Sinclair from $73.00 to $70.00 and set a "buy" rating on the stock in a research note on Tuesday, August 13th. Finally, Mizuho cut their price target on shares of HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. 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 Performance

The firm has a market capitalization of $7.84 billion, a price-to-earnings ratio of 5.06 and a beta of 1.16. The stock's fifty day moving average is $45.72 and its two-hundred day moving average is $50.30. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. The business had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm's revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 earnings per share. On average, analysts predict that HF Sinclair Co. will post 2.32 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.90%. HF Sinclair's dividend payout ratio (DPR) is 24.75%.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC boosted its position in HF Sinclair by 9.4% during the third quarter. Janney Montgomery Scott LLC now owns 37,088 shares of the company's stock worth $1,653,000 after purchasing an additional 3,193 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. boosted its position in HF Sinclair by 0.7% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 63,885 shares of the company's stock worth $2,847,000 after purchasing an additional 455 shares during the period. AustralianSuper Pty Ltd boosted 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 purchasing an additional 175,925 shares during the period. Pallas Capital Advisors LLC bought a new stake in shares of HF Sinclair in the third quarter valued at about $575,000. Finally, Nisa Investment Advisors LLC boosted its position in shares of HF Sinclair by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 148,675 shares of the company's stock valued at $6,626,000 after acquiring an additional 6,090 shares during the period. 88.29% of the stock is 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.