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

HF Sinclair Co. (NYSE:DINO - Get Free Report) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 8,570,000 shares, a decrease of 15.7% from the March 31st total of 10,170,000 shares. Based on an average daily trading volume, of 3,480,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 5.0% of the company's shares are sold short.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company's stock valued at $37,845,000 after acquiring an additional 33,373 shares in the last quarter. Amundi boosted its stake in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after purchasing an additional 996,155 shares during the last quarter. Aigen Investment Management LP increased its holdings in shares of HF Sinclair by 124.9% in the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company's stock worth $2,216,000 after purchasing an additional 35,121 shares in the last quarter. Norges Bank purchased a new position in shares of HF Sinclair in the fourth quarter worth $41,317,000. Finally, Merit Financial Group LLC purchased a new position in shares of HF Sinclair in the fourth quarter worth $263,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Up 2.3 %

Shares of DINO traded up $0.74 during mid-day trading on Monday, reaching $32.75. The company had a trading volume of 4,719,864 shares, compared to its average volume of 2,436,044. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 39.94 and a beta of 0.81. The firm has a 50-day moving average price of $30.96 and a 200 day moving average price of $35.68. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the previous year, the company posted $0.71 earnings per share. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.11%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is -259.74%.

Analyst Ratings Changes

Several research firms have recently issued reports on DINO. Piper Sandler reduced their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a research note on Friday. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday. Barclays dropped their target price on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Morgan Stanley reduced their price target on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Finally, Mizuho lowered their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, HF Sinclair has a consensus rating of "Hold" and a consensus price target of $42.30.

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.