Mizuho downgrades HF Sinclair Corporation (DINO) rating to a Neutral


HF Sinclair Corporation’s recently made public that its 10% Owner Holding Carol Orme unloaded Company’s shares for reported $190.36 million on Mar 30. In the deal valued at $47.59 per share,4,000,000 shares were sold. As a result of this transaction, Holding Carol Orme now holds 34,853,483 shares worth roughly $ 1.98 billion.

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Then, Jennings Michael sold 50,000 shares, generating $2,553,113 in total proceeds. Upon selling the shares at $51.06, the Chief Executive Officer now owns 182,859 shares.

Before that, LEE JAMES H sold 4,180 shares. HF Sinclair Corporation shares valued at $211,675 were divested by the Director at a price of $50.64 per share. As a result of the transaction, LEE JAMES H now holds 57,101 shares, worth roughly $3.25 million.

Mizuho downgraded its HF Sinclair Corporation [DINO] rating to a Neutral from a a Buy in a research note published on Friday, August 16, 2023; the price target was increased to $63 from $56. PT values the company’s stock at a premium of 9.71 to its Friday closing price.

Price Performance Review of DINO

On Friday, HF Sinclair Corporation [NYSE:DINO] saw its stock jump 3.25% to $56.88. On the same session, the stock had its day’s lowest price of $55.72, but rose to a high of $57.48. Over the last five days, the stock has lost -0.39%. HF Sinclair Corporation shares have risen nearly 9.62% since the year began. Nevertheless, the stocks have risen 8.08% over the past one year. While a 52-week high of $66.19 was reached on 08/11/23, a 52-week low of $37.12 was recorded on 05/05/23. SMA at 50 days reached $51.32, while 200 days put it at $50.06. A total of 1.87 million shares were traded, compared to the trading of 2.46 million shares in the previous session.

Levels Of Support And Resistance For DINO Stock

The 24-hour chart illustrates a support level at 55.91, which if violated will result in even more drops to 54.93. On the upside, there is a resistance level at 57.67. A further resistance level may holdings at 58.45. The Relative Strength Index (RSI) on the 14-day chart is 59.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.58%. Stochastics %K at 28.22% indicates the stock is a holding.

How much short interest is there in HF Sinclair Corporation?

A steep rise in short interest was recorded in HF Sinclair Corporation stocks on Aug 14, 2023, growing by 1.07 million shares to a total of 9.55 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 8.48 million shares. There was a rise of 11.2%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.59% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.65.

HF Sinclair Corporation [DINO] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 15,584,234 shares, or roughly 8.10% of the outstanding DINO shares. In other words, the investor’s shares have risen by 114,593 from its previous 13-F filing of 15469641.0. Additionally, Capital Research & Management Co increased 8.71% of its stake after which the total value it holdings stand at $707,612,490, while Turtle Creek Management LLC added 0.01% of its stake to hold $641.64 million in the firm. Over the last quarter, BlackRock Fund Advisors sold -3,371 shares of HF Sinclair Corporation, while SSgA Funds Management, Inc. sold 124,987 shares. At present, Dimensional Fund Advisors LP is holding 5,155,341 shares valued at $268.54 million. LSV Asset Management owned 4,869,996 shares of the company at the time of its most recent 13F filing, worth $253.68 million.

According to FactSet, HF Sinclair Corporation’s share price will average $60.67 in the next year, based on opinions of analysts polled by the firm. This is up nearly 8.91 percent from its previous closing price of $55.09. Analysts expect HF Sinclair Corporation stock to reach the higher price of $70.00, while the lowest price estimate is $48.00. However, 16 analysts have rated DINO stock as an Overweight in their predictions for 2023.


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