HF Sinclair (NYSE:DINO) Trading Up 3.1% – Time to Buy?

Shares of HF Sinclair Co. (NYSE:DINO) traded up 3.1% on Wednesday . The stock traded as high as $34.16 and last traded at $34.21. 112,400 shares were traded during mid-day trading, a decline of 95% from the average session volume of 2,191,532 shares. The stock had previously closed at $33.18.

Analyst Ratings Changes

DINO has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Mizuho decreased their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. TD Cowen lowered their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Finally, Morgan Stanley cut their price target on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $47.00.

HF Sinclair Price Performance

The firm has a 50-day moving average of $35.10 and a 200-day moving average of $38.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a market capitalization of $6.27 billion, a P/E ratio of 40.60 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. As a group, analysts predict that HF Sinclair Co. will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is presently 243.90%.

Insider Activity

In other news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock worth $240,026,000 after purchasing an additional 737,696 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in HF Sinclair by 12.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock valued at $193,197,000 after buying an additional 617,218 shares during the last quarter. First Trust Advisors LP raised its position in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the period. Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair during the 4th quarter worth $96,344,000. Finally, AQR Capital Management LLC grew its position in shares of HF Sinclair by 61.6% during the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock valued at $82,536,000 after acquiring an additional 906,225 shares during the period. Institutional investors own 88.29% of the company’s stock.

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.