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

HF Sinclair Co. (NYSE:DINO)’s stock price reached a new 52-week low during trading on Monday . The stock traded as low as $33.10 and last traded at $33.10, with a volume of 1685405 shares changing hands. The stock had previously closed at $35.27.

Analyst Ratings Changes

Several research firms have issued reports on DINO. TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. decreased 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. Barclays cut their price target on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Mizuho cut their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair Trading Down 6.3 %

The firm has a market cap of $6.23 billion, a P/E ratio of 40.32 and a beta of 1.22. The company’s fifty day moving average price is $36.08 and its two-hundred day moving average price is $40.82. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last issued 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). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. As a group, sell-side analysts predict that HF Sinclair Co. will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.05%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost 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 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 17,000 shares of company stock worth $612,870. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Total Wealth Planning & Management Inc. acquired a new position in shares of HF Sinclair in the 4th quarter valued at $348,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in HF Sinclair in the fourth quarter valued at about $7,146,000. Forum Financial Management LP lifted its stake in HF Sinclair by 7.2% in the fourth quarter. Forum Financial Management LP now owns 6,345 shares of the company’s stock valued at $222,000 after buying an additional 424 shares during the period. Toronto Dominion Bank grew its position in shares of HF Sinclair by 6.7% during the 4th quarter. Toronto Dominion Bank now owns 21,838 shares of the company’s stock worth $765,000 after buying an additional 1,377 shares during the period. Finally, GF Fund Management CO. LTD. bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $1,740,000. 88.29% of the stock is owned by institutional investors.

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.