Short Interest in HF Sinclair Corporation (NYSE:DINO) Decreases By 13.1%

HF Sinclair Corporation (NYSE:DINO) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 6,689,251 shares, a decrease of 13.1% from the February 26th total of 7,698,376 shares. Based on an average daily trading volume, of 3,763,956 shares, the short-interest ratio is currently 1.8 days. Approximately 3.7% of the company’s shares are short sold.

Analyst Ratings Changes

DINO has been the topic of several analyst reports. BMO Capital Markets decreased their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Wall Street Zen lowered HF Sinclair from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. Scotiabank raised HF Sinclair to a “hold” rating in a research note on Friday, March 27th. TD Cowen boosted their price objective on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Finally, Piper Sandler dropped their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and an average price target of $61.00.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after purchasing an additional 446,867 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after purchasing an additional 560,194 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after purchasing an additional 48,103 shares in the last quarter. State Street Corp increased its position in shares of HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after buying an additional 22,150 shares during the period. Finally, AQR Capital Management LLC increased its position in shares of HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after buying an additional 523,709 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $60.95 on Thursday. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The company has a 50-day moving average price of $55.70 and a 200-day moving average price of $52.79. The company has a market cap of $10.99 billion, a price-to-earnings ratio of 19.85 and a beta of 0.70. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $64.70.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair’s quarterly revenue was down .6% on a year-over-year basis. During the same period last year, the firm earned ($1.02) earnings per share. As a group, equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. HF Sinclair’s payout ratio is 65.15%.

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.