HF Sinclair Co. (NYSE:DINO) Short Interest Down 16.7% in November

HF Sinclair Co. (NYSE:DINO) saw a significant drop in short interest during the month of November. As of November 15th, there was short interest totalling 6,420,000 shares, a drop of 16.7% from the October 31st total of 7,710,000 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average trading volume of 2,160,000 shares, the days-to-cover ratio is currently 3.0 days.

HF Sinclair Trading Down 0.1 %

Shares of DINO traded down $0.05 during trading hours on Friday, hitting $40.93. The company had a trading volume of 940,767 shares, compared to its average volume of 2,011,513. The firm has a market cap of $7.70 billion, a P/E ratio of 25.29 and a beta of 1.18. The stock’s 50 day moving average price is $43.14 and its 200 day moving average price is $47.86. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair has a 52-week low of $38.25 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.06 earnings per share. On average, research analysts predict that HF Sinclair will post 2.35 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be paid a $0.50 dividend. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.89%. HF Sinclair’s payout ratio is presently 123.46%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DINO. BMO Capital Markets reduced their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Scotiabank cut their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Mizuho cut their price target on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, Piper Sandler cut their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and an average price target of $54.27.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

Several large investors have recently modified their holdings of DINO. Price T Rowe Associates Inc. MD boosted its position in HF Sinclair by 10.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 82,115 shares of the company’s stock valued at $4,958,000 after acquiring an additional 7,881 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of HF Sinclair by 42.6% in the 1st quarter. Cetera Investment Advisers now owns 31,049 shares of the company’s stock worth $1,874,000 after purchasing an additional 9,275 shares in the last quarter. Cetera Advisors LLC bought a new stake in shares of HF Sinclair in the 1st quarter worth approximately $1,146,000. Boston Partners boosted its position in shares of HF Sinclair by 28.0% in the 1st quarter. Boston Partners now owns 191,938 shares of the company’s stock worth $11,585,000 after purchasing an additional 41,947 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of HF Sinclair by 10.9% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 95,407 shares of the company’s stock worth $5,668,000 after purchasing an additional 9,416 shares in the last quarter. 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.