HF Sinclair Corporation (NYSE:DINO) Short Interest Down 13.1% in March

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

HF Sinclair Stock Performance

HF Sinclair stock opened at $63.09 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The stock has a market cap of $11.37 billion, a PE ratio of 20.55 and a beta of 0.83. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $64.70. The business’s 50-day moving average price is $55.20 and its two-hundred day moving average price is $52.66.

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

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Monday, March 2nd. HF Sinclair’s dividend payout ratio is currently 65.15%.

Institutional Trading of HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in DINO. Hsbc Holdings PLC lifted its stake in shares of HF Sinclair by 227.0% in the 4th quarter. Hsbc Holdings PLC now owns 155,946 shares of the company’s stock valued at $7,176,000 after acquiring an additional 108,263 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of HF Sinclair by 375.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 7,890 shares of the company’s stock valued at $364,000 after acquiring an additional 6,230 shares in the last quarter. World Investment Advisors bought a new stake in HF Sinclair during the 4th quarter worth $224,000. Nalls Sherbakoff Group LLC acquired a new position in HF Sinclair in the 4th quarter worth about $36,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in HF Sinclair in the 4th quarter worth about $77,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DINO. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets cut their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Raymond James Financial raised their target price on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Scotiabank cut shares of HF Sinclair from a “sector outperform” rating to a “sector perform” rating and dropped their target price for the company from $62.00 to $53.00 in a research report on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.18.

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.