HF Sinclair (NYSE:DINO) Sets New 12-Month Low – Should You Sell?

HF Sinclair Co. (NYSE:DINO) shares hit a new 52-week low on Wednesday . The company traded as low as $24.66 and last traded at $25.09, with a volume of 433904 shares traded. The stock had previously closed at $25.91.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on DINO shares. Mizuho reduced their target price on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Morgan Stanley decreased their price objective 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. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research note on Friday, March 7th. Finally, Wells Fargo & Company boosted their price objective 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. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $46.50.

HF Sinclair Price Performance

The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $4.81 billion, a PE ratio of 31.16 and a beta of 1.00. The company’s 50 day moving average price is $33.94 and its 200-day moving average price is $37.86.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm 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 forecast that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 7.83%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Transactions at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Large investors have recently bought and sold shares of the company. Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair in the fourth quarter valued at $96,344,000. Balyasny Asset Management L.P. lifted its holdings in HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after buying an additional 1,593,875 shares in the last quarter. Norges Bank purchased a new position in HF Sinclair in the 4th quarter valued at about $41,317,000. Thompson Siegel & Walmsley LLC grew its stake in shares of HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after acquiring an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of HF Sinclair by 53.7% during 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 last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.