HF Sinclair Co. (NYSE:DINO – Get Free Report) shares were down 4.1% on Wednesday . The stock traded as low as $44.26 and last traded at $44.39. 849,054 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,991,991 shares. The stock had previously closed at $46.29.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Mizuho cut their price target on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Argus raised HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Barclays raised their price target on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. JPMorgan Chase & Co. boosted their price objective on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Finally, Wells Fargo & Company lowered their target price on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a research note on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average price target of $62.00.
HF Sinclair Stock Performance
The stock has a market capitalization of $8.54 billion, a P/E ratio of 5.73 and a beta of 1.18. The stock has a 50 day simple moving average of $48.25 and a two-hundred day simple moving average of $53.72. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.
HF Sinclair (NYSE:DINO – Get Free Report) last announced its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter last year, the company earned $2.60 earnings per share. On average, equities analysts forecast that HF Sinclair Co. will post 3.69 EPS for the current fiscal year.
HF Sinclair Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is 24.75%.
Institutional Trading of HF Sinclair
Several institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in HF Sinclair in the 4th quarter valued at about $408,000. Natixis Advisors L.P. grew its stake in HF Sinclair by 13.0% during the fourth quarter. Natixis Advisors L.P. now owns 36,146 shares of the company’s stock valued at $2,008,000 after acquiring an additional 4,160 shares in the last quarter. Private Advisor Group LLC raised its position in shares of HF Sinclair by 146.1% in the fourth quarter. Private Advisor Group LLC now owns 5,954 shares of the company’s stock worth $331,000 after buying an additional 18,866 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of HF Sinclair by 8.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,107,150 shares of the company’s stock valued at $61,524,000 after acquiring an additional 86,050 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of HF Sinclair during the 4th quarter valued at $30,000. Institutional investors own 88.29% of the company’s stock.
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.