HF Sinclair (NYSE:DINO) Hits New 1-Year Low – Here’s Why

HF Sinclair Co. (NYSE:DINO)’s stock price reached a new 52-week low on Wednesday . The company traded as low as $42.98 and last traded at $43.05, with a volume of 546099 shares traded. The stock had previously closed at $44.05.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DINO. UBS Group lowered their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Wolfe Research initiated coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Barclays lowered their price target on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a report on Monday, October 7th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Finally, BMO Capital Markets lowered their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus price target of $55.82.

HF Sinclair Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The firm has a 50-day moving average of $45.96 and a 200-day moving average of $50.71. The stock has a market cap of $8.26 billion, a PE ratio of 5.29 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the business posted $2.60 EPS. Research analysts predict that HF Sinclair Co. will post 2.65 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.65%. HF Sinclair’s payout ratio is currently 24.75%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Matrix Trust Co grew its stake in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the last quarter. Innealta Capital LLC purchased a new stake in HF Sinclair in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV boosted its position in HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares in the last quarter. Bessemer Group Inc. boosted its position in HF Sinclair by 201.0% in the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after purchasing an additional 782 shares in the last quarter. Finally, Abich Financial Wealth Management LLC boosted its position in HF Sinclair by 15,200.0% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company’s stock worth $73,000 after purchasing an additional 1,368 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other 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.