HF Sinclair Co. (NYSE:DINO) Short Interest Up 7.8% in December

HF Sinclair Co. (NYSE:DINO) was the target of a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 7,180,000 shares, a growth of 7.8% from the November 30th total of 6,660,000 shares. Currently, 4.2% of the shares of the company are short sold. Based on an average daily volume of 2,080,000 shares, the short-interest ratio is currently 3.5 days.

Insider Activity

In related news, CFO Atanas H. Atanasov purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. The trade was a 6.76 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last three months, insiders bought 17,000 shares of company stock valued at $628,370. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds have recently bought and sold shares of DINO. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in HF Sinclair by 10.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,524 shares of the company’s stock valued at $1,628,000 after buying an additional 2,800 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in HF Sinclair by 6.4% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,825 shares of the company’s stock valued at $631,000 after buying an additional 710 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in HF Sinclair by 40.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 31,964 shares of the company’s stock valued at $1,705,000 after buying an additional 9,168 shares during the last quarter. Van ECK Associates Corp grew its holdings in HF Sinclair by 4.9% during the 2nd quarter. Van ECK Associates Corp now owns 120,834 shares of the company’s stock valued at $6,445,000 after buying an additional 5,698 shares during the last quarter. Finally, Natixis Advisors LLC grew its holdings in HF Sinclair by 18.5% during the 2nd quarter. Natixis Advisors LLC now owns 45,928 shares of the company’s stock valued at $2,450,000 after buying an additional 7,155 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

NYSE DINO opened at $35.05 on Thursday. HF Sinclair has a 1-year low of $33.47 and a 1-year high of $64.16. The company has a market capitalization of $6.59 billion, a P/E ratio of 21.64 and a beta of 1.20. The business has a 50 day moving average price of $39.30 and a 200 day moving average price of $44.86. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the business posted $4.06 EPS. HF Sinclair’s quarterly revenue was down 19.1% on a year-over-year basis. Sell-side analysts expect that HF Sinclair will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.71%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio is currently 123.46%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Mizuho dropped their price target 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. Piper Sandler dropped their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. JPMorgan Chase & Co. dropped their price target 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. Scotiabank dropped their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, BMO Capital Markets dropped their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and a consensus target price of $51.45.

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.