HF Sinclair (NYSE:DINO) Stock Falls 4.8% – Should You Sell?

HF Sinclair Corporation (NYSE:DINO)’s share price was down 4.8% during mid-day trading on Tuesday. The stock traded as low as $119.07 and last traded at $119.1860. 521,705 shares traded hands during mid-day trading, a decline of 80% from the average daily volume of 2,643,614 shares. The stock had previously closed at $125.25.

Analysts Set New Price Targets

Several research firms recently issued reports on DINO. Evercore began coverage on HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective on the stock. UBS Group upped their price target on HF Sinclair from $126.00 to $133.00 and gave the stock a “buy” rating in a research note on Saturday, October 3rd. Barclays raised their price objective on HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Morgan Stanley increased their target price on HF Sinclair from $78.00 to $127.00 and gave the stock an “overweight” rating in a research report on Monday, September 14th. Finally, Mizuho increased their price target on HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $114.92.

HF Sinclair Trading Down 6.7%

The business’s 50-day moving average is $109.76 and its two-hundred day moving average is $76.55. The firm has a market cap of $20.78 billion, a P/E ratio of 11.12 and a beta of 0.72. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10.

HF Sinclair (NYSE:DINO) last posted its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. During the same quarter last year, the company posted $1.10 EPS. HF Sinclair’s quarterly revenue was up 53.2% compared to the same quarter last year. As a group, analysts predict that HF Sinclair Corporation will post 19.22 earnings per share for the current fiscal year.

Insider Buying and Selling

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president directly owned 42,561 shares in the company, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently modified their holdings of DINO. BlackRock Inc. bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $1,291,602,000. Bank of New York Mellon Corp purchased a new position in shares of HF Sinclair during the 2nd quarter worth approximately $140,654,000. NFJ Investment Group LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth $97,422,000. Bank of America Corp DE bought a new stake in shares of HF Sinclair in the second quarter worth $89,846,000. Finally, First Trust Advisors LP raised its stake in HF Sinclair by 161.5% during the 1st quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock worth $64,702,000 after acquiring an additional 640,455 shares during the period. Institutional investors own 88.29% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.