Stock Traders Buy High Volume of Call Options on HF Sinclair (NYSE:DINO)

HF Sinclair Corporation (NYSE:DINO - Get Free Report) was the recipient of unusually large options trading activity on Wednesday. Traders bought 12,312 call options on the stock. This represents an increase of approximately 721% compared to the typical volume of 1,500 call options.

HF Sinclair Stock Performance

Shares of NYSE:DINO traded down $0.15 during midday trading on Wednesday, reaching $44.73. The company's stock had a trading volume of 2,185,139 shares, compared to its average volume of 2,573,645. The firm has a market capitalization of $8.43 billion, a PE ratio of -58.09 and a beta of 0.93. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $52.88. The stock has a fifty day moving average of $37.82 and a 200 day moving average of $35.05. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a negative net margin of 0.51% and a positive return on equity of 0.05%. The company had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the company earned $0.71 earnings per share. The firm's revenue was down 9.3% on a year-over-year basis. On average, equities analysts expect that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.47%. The ex-dividend date was Thursday, May 15th. HF Sinclair's payout ratio is -259.74%.

Wall Street Analyst Weigh In

Several research analysts recently commented on DINO shares. Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Piper Sandler reduced their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research note on Friday, May 2nd. Morgan Stanley reduced their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $40.00 to $47.00 in a research note on Tuesday, May 13th. Finally, Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Wednesday, June 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $44.80.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently added to or reduced their stakes in the business. Harbour Investments Inc. increased its holdings in HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock worth $78,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC increased its holdings in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after purchasing an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV increased its holdings in HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after purchasing an additional 379 shares during the period. Bank & Trust Co increased its holdings in HF Sinclair by 8.7% during the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after purchasing an additional 389 shares during the period. Finally, Financial Engines Advisors L.L.C. increased its holdings in HF Sinclair by 1.5% during the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock worth $876,000 after purchasing an additional 392 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.