Short Interest in HF Sinclair Corporation (NYSE:DINO) Decreases By 13.1%

HF Sinclair Corporation (NYSE:DINO) saw a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,689,251 shares, a decrease of 13.1% from the February 26th total of 7,698,376 shares. Based on an average trading volume of 3,763,956 shares, the days-to-cover ratio is presently 1.8 days. Approximately 3.7% of the company’s stock are sold short.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $62.37 on Wednesday. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $64.70. The company has a market cap of $11.24 billion, a PE ratio of 20.31 and a beta of 0.83. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. The business has a 50-day simple moving average of $55.48 and a two-hundred day simple moving average of $52.73.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.83 by $0.37. The firm had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.02) earnings per share. As a group, equities analysts expect that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Analysts Set New Price Targets

A number of research firms have commented on DINO. BMO Capital Markets cut their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research note on Friday. Barclays cut their price objective on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Scotiabank raised shares of HF Sinclair to a “hold” rating in a research note on Friday, March 27th. Finally, Mizuho upped their target price on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $61.00.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC purchased a new position in HF Sinclair in the 4th quarter worth $26,000. Quent Capital LLC acquired a new position in shares of HF Sinclair in the third quarter valued at about $28,000. REAP Financial Group LLC purchased a new position in shares of HF Sinclair in the fourth quarter worth about $29,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair in the fourth quarter worth about $36,000. Finally, State of Wyoming acquired a new stake in shares of HF Sinclair during the second quarter worth about $41,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.