HF Sinclair Corporation (NYSE:DINO) Short Interest Down 14.9% in January

HF Sinclair Corporation (NYSE:DINO) was the target of a significant decline in short interest in the month of January. As of January 30th, there was short interest totaling 10,789,956 shares, a decline of 14.9% from the January 15th total of 12,673,766 shares. Based on an average trading volume of 2,429,345 shares, the days-to-cover ratio is presently 4.4 days. Currently, 5.9% of the shares of the company are short sold. Currently, 5.9% of the shares of the company are short sold. Based on an average trading volume of 2,429,345 shares, the days-to-cover ratio is presently 4.4 days.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the stock. CI Investments Inc. raised its holdings in shares of HF Sinclair by 20.0% in 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 last quarter. D.A. Davidson & CO. increased its position in HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after purchasing an additional 210 shares in the last quarter. Unison Advisors LLC raised its stake in HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after purchasing an additional 218 shares during the last quarter. Parallel Advisors LLC raised its stake in HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after purchasing an additional 221 shares during the last quarter. Finally, AMG National Trust Bank raised its stake 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 during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

DINO traded down $0.66 during midday trading on Tuesday, reaching $57.87. 1,880,250 shares of the company’s stock were exchanged, compared to its average volume of 2,198,757. HF Sinclair has a 1-year low of $24.66 and a 1-year high of $59.33. The stock has a market capitalization of $10.65 billion, a PE ratio of 20.54 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The business’s 50-day moving average price is $50.46 and its 200 day moving average price is $50.86.

Wall Street Analysts Forecast Growth

DINO has been the topic of a number of analyst reports. Piper Sandler lowered their price objective on HF Sinclair from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Morgan Stanley increased their price objective on HF Sinclair from $60.00 to $61.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 27th. UBS Group raised their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Barclays lowered their price target on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $59.90.

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.