Short Interest in HF Sinclair Corporation (NYSE:DINO) Grows By 26.6%

HF Sinclair Corporation (NYSE:DINO) saw a significant increase in short interest in the month of 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 trading volume of 3,285,025 shares, the days-to-cover ratio is presently 3.8 days. Currently, 6.9% of the shares of the stock are short sold. Currently, 6.9% of the shares of the stock are short sold. Based on an average trading volume of 3,285,025 shares, the days-to-cover ratio is presently 3.8 days.

Analyst Ratings Changes

A number of research firms have recently weighed in on DINO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research note on Monday. UBS Group upped their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Scotiabank reaffirmed an “outperform” rating on shares of HF Sinclair in a report on Thursday, October 9th. Wells Fargo & Company assumed coverage on shares of HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price target for the company. Finally, The Goldman Sachs Group upped their price target on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $60.20.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Dimensional Fund Advisors LP lifted its holdings in HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after purchasing an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after buying an additional 298,735 shares during the last quarter. AQR Capital Management LLC raised its position in shares of HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after buying an additional 2,609,857 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of HF Sinclair by 1.0% during the second quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock valued at $118,969,000 after buying an additional 27,548 shares during the period. Finally, Millennium Management LLC lifted its stake in shares of HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock valued at $64,774,000 after buying an additional 1,329,408 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 0.6%

Shares of NYSE DINO opened at $46.26 on Wednesday. The firm’s 50-day moving average is $51.46 and its two-hundred day moving average is $48.83. The company has a market capitalization of $8.51 billion, a PE ratio of 22.13 and a beta of 0.84. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $56.58. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. The firm had revenue of $7.25 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

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

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.