HF Sinclair Co. (NYSE:DINO) Sees Significant Increase in Short Interest

HF Sinclair Co. (NYSE:DINO) saw a significant increase in short interest in October. As of October 31st, there was short interest totalling 7,710,000 shares, an increase of 7.4% from the October 15th total of 7,180,000 shares. Based on an average trading volume of 2,190,000 shares, the short-interest ratio is currently 3.5 days. Currently, 4.5% of the shares of the company are sold short.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC raised its stake in shares of HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after acquiring an additional 226 shares in the last quarter. Empirical Finance LLC raised its position in HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after purchasing an additional 228 shares during the period. Fifth Third Bancorp lifted its stake in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after purchasing an additional 267 shares during the last quarter. Matrix Trust Co boosted its position in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after buying an additional 317 shares during the period. Finally, iA Global Asset Management Inc. grew its stake in shares of HF Sinclair by 7.5% during the second quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock valued at $260,000 after buying an additional 342 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of NYSE DINO traded up $0.32 during midday trading on Tuesday, hitting $43.36. 213,156 shares of the company’s stock were exchanged, compared to its average volume of 2,018,197. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average price is $43.86 and its two-hundred day moving average price is $48.64. The company has a market cap of $8.16 billion, a price-to-earnings ratio of 26.57 and a beta of 1.18. HF Sinclair has a 12-month low of $38.25 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business 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 quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.06 EPS. As a group, research analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.61%. HF Sinclair’s payout ratio is 123.46%.

Analyst Upgrades and Downgrades

DINO has been the subject of a number of research reports. Scotiabank cut their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Morgan Stanley cut their price objective on shares of 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 lowered their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. UBS Group cut their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, Barclays reduced their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $54.27.

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.