HF Sinclair (NYSE:DINO) Shares Gap Down on Analyst Downgrade

HF Sinclair Corporation (NYSE:DINO)’s stock price gapped down before the market opened on Monday after Zacks Research downgraded the stock from a strong-buy rating to a hold rating. The stock had previously closed at $71.26, but opened at $67.51. HF Sinclair shares last traded at $67.2740, with a volume of 167,552 shares changing hands.

Several other equities analysts also recently weighed in on DINO. Barclays lifted their price target on shares of HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a report on Wednesday, May 6th. Morgan Stanley boosted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. TD Cowen boosted their target price on shares of HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Finally, BMO Capital Markets lowered their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and a consensus target price of $71.64.

Insider Transactions at HF Sinclair

In other news, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. The trade was a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of the stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders have sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in HF Sinclair by 19.1% during the first quarter. Parallel Advisors LLC now owns 5,678 shares of the company’s stock valued at $354,000 after purchasing an additional 909 shares in the last quarter. Bull Harbor Capital LLC purchased a new stake in HF Sinclair during the first quarter valued at $580,000. South Dakota Investment Council raised its stake in HF Sinclair by 94.9% during the first quarter. South Dakota Investment Council now owns 28,621 shares of the company’s stock valued at $1,786,000 after purchasing an additional 13,935 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in HF Sinclair by 19.9% during the first quarter. EverSource Wealth Advisors LLC now owns 8,335 shares of the company’s stock valued at $520,000 after purchasing an additional 1,381 shares in the last quarter. Finally, California State Teachers Retirement System raised its stake in HF Sinclair by 22.9% during the first quarter. California State Teachers Retirement System now owns 185,360 shares of the company’s stock valued at $11,565,000 after purchasing an additional 34,564 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.0%

The company has a market cap of $11.88 billion, a PE ratio of 9.91 and a beta of 0.72. The stock’s 50 day moving average is $66.52 and its 200-day moving average is $57.65. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. HF Sinclair’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that HF Sinclair Corporation will post 8.9 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a yield of 3.0%. HF Sinclair’s payout ratio is 30.08%.

About HF Sinclair

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.