HF Sinclair Co. (NYSE:DINO) Short Interest Update

HF Sinclair Co. (NYSE:DINO) saw a significant decline in short interest during the month of September. As of September 30th, there was short interest totalling 7,990,000 shares, a decline of 5.8% from the September 15th total of 8,480,000 shares. Currently, 4.6% of the shares of the company are sold short. Based on an average daily trading volume, of 2,140,000 shares, the short-interest ratio is presently 3.7 days.

Wall Street Analysts Forecast Growth

DINO has been the subject of a number of analyst reports. Piper Sandler reduced their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. UBS Group dropped their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Mizuho cut their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Scotiabank lowered their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Finally, Argus raised shares of HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus target price of $55.82.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors have recently modified their holdings of DINO. Quarry LP acquired a new stake in shares of HF Sinclair during the fourth quarter worth $39,000. V Square Quantitative Management LLC grew its position in shares of HF Sinclair by 66.1% during the 4th quarter. V Square Quantitative Management LLC now owns 1,621 shares of the company’s stock worth $90,000 after buying an additional 645 shares during the period. Teachers Retirement System of The State of Kentucky increased its stake in shares of HF Sinclair by 5.7% in the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 49,888 shares of the company’s stock valued at $2,772,000 after acquiring an additional 2,700 shares during the last quarter. EP Wealth Advisors LLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at approximately $286,000. Finally, Goldman Sachs Group Inc. raised its position in shares of HF Sinclair by 7.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 590,503 shares of the company’s stock valued at $32,814,000 after acquiring an additional 39,637 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO traded up $0.42 during mid-day trading on Wednesday, hitting $43.69. 304,415 shares of the company traded hands, compared to its average volume of 2,030,627. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.40 billion, a price-to-earnings ratio of 5.35 and a beta of 1.16. The business has a 50-day moving average of $46.39 and a 200 day moving average of $51.46. HF Sinclair has a one year low of $43.17 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period last year, the company earned $2.60 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, equities analysts expect that HF Sinclair will post 2.65 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.58%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

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.