HF Sinclair Co. (NYSE:DINO) Sees Significant Growth in Short Interest

HF Sinclair Co. (NYSE:DINO) was the recipient of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 7,180,000 shares, an increase of 7.8% from the November 30th total of 6,660,000 shares. Based on an average trading volume of 2,080,000 shares, the days-to-cover ratio is currently 3.5 days. Currently, 4.2% of the shares of the stock are sold short.

Insider Activity

In other news, CFO Atanas H. Atanasov bought 7,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 17,000 shares of company stock worth $628,370. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. 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 during the period. Capital Performance Advisors LLP purchased a new stake in shares of HF Sinclair in the 3rd quarter worth about $27,000. Massmutual Trust Co. FSB ADV increased 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 worth $37,000 after acquiring an additional 370 shares in the last quarter. Millburn Ridgefield Corp purchased a new position in HF Sinclair during the 3rd quarter valued at about $50,000. Finally, Coastline Trust Co bought a new stake in HF Sinclair during the third quarter worth about $55,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 2.4 %

DINO opened at $35.05 on Thursday. HF Sinclair has a one year low of $33.47 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business has a 50 day simple moving average of $39.30 and a two-hundred day simple moving average of $44.86. The firm has a market capitalization of $6.59 billion, a price-to-earnings ratio of 21.64 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.06 earnings per share. Analysts predict that HF Sinclair will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.71%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. BMO Capital Markets reduced their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. reduced their target price 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. UBS Group lowered their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Piper Sandler cut their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Finally, Barclays decreased their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, HF Sinclair has an average rating of “Hold” and an average price target of $51.45.

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.