HF Sinclair (NYSE:DINO) Reaches New 12-Month Low – Time to Sell?

Shares of HF Sinclair Co. (NYSE:DINO) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $38.00 and last traded at $38.00, with a volume of 295849 shares traded. The stock had previously closed at $38.94.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. Piper Sandler reduced their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Barclays decreased their price objective on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Morgan Stanley dropped their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. BMO Capital Markets reduced their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, UBS Group lowered their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $53.45.

HF Sinclair Stock Performance

The firm has a market cap of $7.22 billion, a price-to-earnings ratio of 24.05 and a beta of 1.20. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $42.29 and a 200 day moving average of $46.83.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business’s revenue for the quarter was down 19.1% compared to the same quarter last year. During the same period in the previous year, the company earned $4.06 EPS. As a group, analysts anticipate that HF Sinclair Co. will post 2.31 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 5.21%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is presently 123.46%.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % 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 link. Corporate insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DINO. Neo Ivy Capital Management bought a new stake in HF Sinclair during the 2nd quarter worth $806,000. Aigen Investment Management LP bought a new stake in shares of HF Sinclair during the third quarter worth about $1,253,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of HF Sinclair by 399.1% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock valued at $3,108,000 after buying an additional 46,586 shares during the period. Point72 Hong Kong Ltd bought a new position in HF Sinclair in the 2nd quarter valued at approximately $723,000. Finally, Thompson Siegel & Walmsley LLC boosted its position in HF Sinclair by 4.9% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock worth $47,268,000 after buying an additional 41,456 shares during the period. 88.29% of the stock is currently 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.