HF Sinclair (NYSE:DINO) Shares Gap Down – Here’s Why

HF Sinclair Corporation (NYSE:DINO) shares gapped down before the market opened on Monday . The stock had previously closed at $71.26, but opened at $67.51. HF Sinclair shares last traded at $67.2740, with a volume of 167,552 shares trading hands.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Piper Sandler lowered their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Raymond James Financial upped their price target on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. Freedom Capital upgraded HF Sinclair to a “hold” rating in a research report on Friday, June 5th. Finally, Mizuho reiterated a “neutral” rating and issued a $79.00 price target (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.64.

HF Sinclair Stock Down 5.1%

The firm has a fifty day moving average price of $66.27 and a 200 day moving average price of $57.45. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The company has a market cap of $12.19 billion, a P/E ratio of 10.18 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.27) earnings per share. Equities research analysts forecast that HF Sinclair Corporation will post 8.53 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is 30.08%.

Insider Transactions at HF Sinclair

In other news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Valerie Pompa sold 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president directly owned 43,098 shares in the company, valued at $2,975,916.90. This trade represents a 18.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is owned by insiders.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. lifted its stake in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares during the period. Focus Partners Wealth lifted its stake in HF Sinclair by 71.7% in the first quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after buying an additional 8,102 shares during the period. Amundi lifted its stake in HF Sinclair by 7.7% in the second quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after buying an additional 12,387 shares during the period. Jump Financial LLC acquired a new position in HF Sinclair in the second quarter valued at about $209,000. Finally, Cerity Partners LLC lifted its stake in HF Sinclair by 25.7% in the second quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after buying an additional 29,635 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.