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

HF Sinclair Co. (NYSE:DINO) was the recipient of unusually large options trading on Wednesday. Traders purchased 10,279 call options on the company. This represents an increase of 803% compared to the average volume of 1,138 call options.

Insiders Place Their Bets

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the purchase, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently bought and sold shares of the business. Cubist Systematic Strategies LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $2,921,000. CWM LLC lifted its holdings in HF Sinclair by 43.5% in the 3rd quarter. CWM LLC now owns 14,625 shares of the company’s stock worth $652,000 after purchasing an additional 4,434 shares in the last quarter. Matrix Trust Co boosted its stake in HF Sinclair by 122.4% in the 3rd 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. Juncture Wealth Strategies LLC grew its holdings in HF Sinclair by 116.6% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 8,939 shares of the company’s stock valued at $398,000 after buying an additional 4,812 shares in the last quarter. Finally, Viking Fund Management LLC bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $1,337,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on DINO. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. UBS Group decreased 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. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Barclays lowered their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Finally, Scotiabank reduced 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. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Trading Up 1.3 %

Shares of HF Sinclair stock traded up $0.49 during midday trading on Wednesday, reaching $38.45. 443,247 shares of the company’s stock traded hands, compared to its average volume of 2,446,463. The company has a market cap of $7.23 billion, a PE ratio of 23.70 and a beta of 1.22. The stock has a 50 day moving average of $36.59 and a 200-day moving average of $42.25. HF Sinclair has a 12 month low of $33.47 and a 12 month high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

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.