HF Sinclair (NYSE:DINO) Trading Down 4.9% – Time to Sell?

Shares of HF Sinclair Co. (NYSE:DINO) were down 4.9% on Wednesday . The stock traded as low as $29.85 and last traded at $30.19. Approximately 3,028,206 shares traded hands during mid-day trading, a decline of 2% from the average daily volume of 3,087,177 shares. The stock had previously closed at $31.75.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DINO shares. Barclays dropped 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 note on Monday, January 13th. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. TD Cowen lowered their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Finally, Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.00.

HF Sinclair Stock Down 1.6 %

The stock’s fifty day simple moving average is $36.01 and its two-hundred day simple moving average is $40.60. 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 company has a market capitalization of $5.88 billion, a price-to-earnings ratio of 38.04 and a beta of 1.22.

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

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Investors of record on Thursday, March 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.40%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were bought at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 17,000 shares of company stock valued at $612,870 over the last three months. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Capital Performance Advisors LLP bought a new position in HF Sinclair in the 3rd quarter valued at about $27,000. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair in the fourth quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new stake in HF Sinclair in the fourth quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares during the period. 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.