HF Sinclair Sees Unusually Large Options Volume (NYSE:DINO)

HF Sinclair Co. (NYSE:DINO) saw some unusual options trading activity on Wednesday. Stock investors bought 10,279 call options on the stock. This represents an increase of 803% compared to the typical daily volume of 1,138 call options.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 7,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Matrix Trust Co lifted its holdings in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair in the third quarter worth about $27,000. Sugar Maple Asset Management LLC acquired a new position in HF Sinclair during the fourth quarter worth about $27,000. Millburn Ridgefield Corp acquired a new position in HF Sinclair during the third quarter worth about $50,000. Finally, Coastline Trust Co purchased a new stake in HF Sinclair during the 3rd quarter valued at about $55,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

DINO traded up $0.49 during trading on Wednesday, hitting $38.45. The company’s stock had a trading volume of 443,247 shares, compared to its average volume of 2,446,463. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.23 billion, a price-to-earnings ratio of 23.70 and a beta of 1.22. The business’s fifty day simple moving average is $36.59 and its 200 day simple moving average is $42.25. HF Sinclair has a twelve month low of $33.47 and a twelve month high of $64.16.

Analyst Upgrades and Downgrades

DINO has been the topic of a number of recent research reports. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Mizuho cut their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Finally, Barclays decreased their price objective on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Hold” and a consensus target price of $51.00.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.