HF Sinclair Corporation (NYSE: DINO) stock fell -1.54% on Thursday to $42.84 against a previous-day closing price of $43.51. With 2.09 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.79 million shares. During the session, the Oil & Gas Refining & Marketing company that operates in wider Energy sector, reached to the highest price of $43.11 whereas the lowest price it dropped to was $42.00. The 52-week range on DINO shows that it touched its highest point at $66.19 and its lowest point at $37.12 during that stretch. It currently has a 1-year price target of $55.58. With its current market cap of 8.32 billion, DINO has annualized dividend of $1.80 while the current yield stands at 4.20%. Beta for the stock currently stands at 1.39.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DINO was up-trending over the past week, with a rise of 2.54%, but this was down by -1.74% over a month. Three-month performance dropped to -14.92% while six-month performance fell -34.71%. The stock lost -9.70% in the past year, while it has lost -17.44% so far this year. A look at the trailing 12-month EPS for DINO yields 14.99 with Next year EPS estimates of 6.55. For the next quarter, that number is 2.00. This implies an EPS growth rate of 321.50% for this year and -12.23% for next year. EPS is expected to grow by 58.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 38.70%.
Float and Shares Shorts:
At present, 195.44 million DINO shares are outstanding with a float of 154.13 million shares on hand for trading. On May 14, 2023, short shares totaled 8.37 million, which was 4.35% higher than short shares on Apr 13, 2023. In addition to Mr. Timothy Go as the firm’s Pres, CEO & Director, Mr. Atanas H. Atanasov serves as its CFO & Exec. VP.
Institutional Ownership:
Through their ownership of 74.10% of DINO’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 40.69% of DINO, in contrast to 32.78% held by mutual funds. Shares owned by individuals account for 23.03%. As the largest shareholder in DINO with 7.89% of the stake, The Vanguard Group, Inc. holds 15,469,641 shares worth 15,469,641. A second-largest stockholder of DINO, Capital Research & Management Co, holds 12,496,194 shares, controlling over 6.37% of the firm’s shares. Turtle Creek Management LLC is the third largest shareholder in DINO, holding 12,317,044 shares or 6.28% stake. With a 3.51% stake in DINO, the American Funds Fundamental Invest is the largest stakeholder. A total of 6,884,800 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.39% of DINO stock, is the second-largest Mutual Fund holder. It holds 4,682,233 shares valued at 206.53 million. American Balanced Fund holds 2.17% of the stake in DINO, owning 4,253,500 shares worth 187.62 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, DINO reported revenue of $11.16B and operating income of $1.67B. The EBITDA in the recently reported quarter was $1.67B and diluted EPS was $5.43.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DINO since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DINO analysts setting a high price target of $70.00 and a low target of $43.00, the average target price over the next 12 months is $55.29. Based on these targets, DINO could surge 63.4% to reach the target high and rise by 0.37% to reach the target low. Reaching the average price target will result in a growth of 29.06% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded DINO stock several times over the past three months with 0 Buys and 4 Sells. In these transactions, 0 shares were bought while 6,019,279 shares were sold. The number of buy transactions has increased to 24 while that of sell transactions has risen to 36 over the past year. The total number of shares bought during that period was 259,223 while 25,731,160 shares were sold.
