HF Sinclair (NYSE:DINO) Sets New 12-Month Low – Should You Sell?

HF Sinclair Co. (NYSE:DINO) shares reached a new 52-week low during trading on Monday . The company traded as low as $33.10 and last traded at $33.10, with a volume of 1685405 shares trading hands. The stock had previously closed at $35.27.

Wall Street Analyst Weigh In

DINO has been the topic of several recent analyst reports. Barclays reduced their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. TD Cowen lowered their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. UBS Group cut their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Finally, Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Price Performance

The company has a market cap of $6.23 billion, a P/E ratio of 40.32 and a beta of 1.22. 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 fifty day moving average price of $36.08 and a two-hundred day moving average price of $40.82.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. On average, sell-side analysts anticipate that HF Sinclair Co. will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.05%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) is currently 243.90%.

Insider Activity

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $33.77 per share, with a total value of $168,850.00. Following the completion of the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders bought a total of 17,000 shares of company stock valued at $612,870 in the last quarter. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Total Wealth Planning & Management Inc. bought a new position in HF Sinclair during the fourth quarter worth $348,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $7,146,000. Forum Financial Management LP boosted its holdings in shares of HF Sinclair by 7.2% during the 4th quarter. Forum Financial Management LP now owns 6,345 shares of the company’s stock worth $222,000 after buying an additional 424 shares during the period. Toronto Dominion Bank grew its stake in HF Sinclair by 6.7% in the 4th quarter. Toronto Dominion Bank now owns 21,838 shares of the company’s stock valued at $765,000 after buying an additional 1,377 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in HF Sinclair in the 4th quarter valued at about $1,740,000. 88.29% of the stock is owned by institutional investors and hedge funds.

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.