HF Sinclair Corporation (NYSE:DINO) Short Interest Update

HF Sinclair Corporation (NYSE:DINO) was the target of a large increase in short interest in December. As of December 15th, there was short interest totaling 12,587,892 shares, an increase of 26.6% from the November 30th total of 9,940,211 shares. Based on an average daily trading volume, of 3,285,025 shares, the short-interest ratio is currently 3.8 days. Approximately 6.9% of the company’s stock are sold short. Approximately 6.9% of the company’s stock are sold short. Based on an average daily trading volume, of 3,285,025 shares, the short-interest ratio is currently 3.8 days.

HF Sinclair Stock Performance

Shares of DINO stock opened at $46.26 on Wednesday. The stock’s 50-day moving average price is $51.46 and its 200 day moving average price is $48.83. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $8.51 billion, a PE ratio of 22.13 and a beta of 0.84. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $56.58.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. As a group, equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s payout ratio is currently 95.69%.

Analysts Set New Price Targets

DINO has been the topic of several research analyst reports. Scotiabank reiterated an “outperform” rating on shares of HF Sinclair in a research note on Thursday, October 9th. Wells Fargo & Company assumed coverage on HF Sinclair in a report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective on the stock. Barclays boosted their target price on HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a report on Wednesday, October 1st. Mizuho upped their target price on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Finally, The Goldman Sachs Group lifted their price target on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average price target of $60.20.

Institutional Trading of HF Sinclair

Hedge funds have recently made changes to their positions in the company. CI Investments Inc. increased its stake in shares of HF Sinclair by 20.0% during the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after acquiring an additional 187 shares during the period. AMG National Trust Bank boosted its holdings in HF Sinclair by 0.4% in the 3rd quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock valued at $2,737,000 after purchasing an additional 234 shares in the last quarter. Nicollet Investment Management Inc. increased its position in HF Sinclair by 1.9% during the 3rd quarter. Nicollet Investment Management Inc. now owns 13,299 shares of the company’s stock worth $696,000 after purchasing an additional 250 shares during the period. Bessemer Group Inc. raised its stake in shares of HF Sinclair by 21.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock worth $74,000 after buying an additional 251 shares in the last quarter. Finally, Unison Advisors LLC lifted its holdings in shares of HF Sinclair by 1.1% in the 3rd quarter. Unison Advisors LLC now owns 23,097 shares of the company’s stock valued at $1,209,000 after buying an additional 257 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.