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

by · The Cerbat Gem

HF Sinclair Co. (NYSE:DINO – Get Free Report) saw a significant increase in short interest in the month of 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. Approximately 4.5% of the company’s stock are short sold. Based on an average daily trading volume, of 2,190,000 shares, the days-to-cover ratio is presently 3.5 days.

HF Sinclair Stock Up 0.1 %

NYSE DINO traded up $0.04 during trading on Tuesday, hitting $43.08. 315,823 shares of the company traded hands, compared to its average volume of 2,018,721. The company has a market capitalization of $8.11 billion, a P/E 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. 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 has a fifty day simple moving average of $43.86 and a 200 day simple moving average of $48.64.

HF Sinclair (NYSE:DINO – Get Free Report) 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. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period in the prior year, the company earned $4.06 EPS. HF Sinclair’s revenue for the quarter was down 19.1% on a year-over-year basis. As a group, sell-side analysts predict that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DINO shares. Barclays decreased their target price on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Piper Sandler reduced their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. 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. UBS Group lowered their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, JPMorgan Chase & Co. lowered their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and an average target price of $54.27.

Check Out Our Latest Stock Report on HF Sinclair

Insider Activity at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of the business. Cetera Advisors LLC acquired a new position in shares of HF Sinclair during the 1st quarter worth approximately $1,146,000. Bayesian Capital Management LP bought a new stake in shares of HF Sinclair during the 1st quarter valued at $785,000. Neo Ivy Capital Management bought a new stake in HF Sinclair during the second quarter worth $806,000. Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of HF Sinclair by 22.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company’s stock valued at $13,209,000 after purchasing an additional 40,357 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

About HF Sinclair

(Get Free Report)

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.

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