HF Sinclair (NYSE:DINO) Sets New 1-Year Low – What’s Next?

HF Sinclair Co. (NYSE:DINO)’s share price reached a new 52-week low on Tuesday . The company traded as low as $42.06 and last traded at $42.06, with a volume of 21411 shares. The stock had previously closed at $42.88.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. UBS Group decreased their price objective on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Morgan Stanley dropped their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Wolfe Research initiated coverage on HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, Scotiabank dropped their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Six research 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, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus target price of $55.82.

HF Sinclair Price Performance

The stock’s 50 day moving average price is $45.46 and its 200-day moving average price is $50.10. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $7.79 billion, a PE ratio of 6.53 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the previous year, the company earned $2.60 EPS. As a group, equities analysts forecast that HF Sinclair Co. will post 2.32 EPS for the current year.

Institutional Trading of HF Sinclair

A number of large investors have recently modified their holdings of DINO. Hennion & Walsh Asset Management Inc. purchased a new stake in shares of HF Sinclair in the 1st quarter worth $210,000. Allspring Global Investments Holdings LLC grew its holdings in HF Sinclair by 4,663.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 28,914 shares of the company’s stock worth $1,746,000 after acquiring an additional 28,307 shares in the last quarter. State of Michigan Retirement System increased its position in HF Sinclair by 1.4% during the 1st quarter. State of Michigan Retirement System now owns 50,600 shares of the company’s stock valued at $3,055,000 after purchasing an additional 700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of HF Sinclair by 3.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 488,601 shares of the company’s stock valued at $29,497,000 after purchasing an additional 16,268 shares in the last quarter. Finally, Norden Group LLC purchased a new stake in shares of HF Sinclair in the 1st quarter worth approximately $487,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

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.