10 Worst Performing Energy Stocks in 2024

6. HF Sinclair Corporation (NYSE:DINO)

1-Year Performance as of January 21: -30.93%

Market Cap as of January 21: $6.81 Billion

Number of Hedge Fund Investors: 25

HF Sinclair Corporation (NYSE:DINO) is a diversified energy company involved in refining, marketing, and producing fuels. The company operates a network of refineries and logistics assets to manufacture and distribute fuels, lubricants, and specialty products. HF Sinclair Corporation (NYSE:DINO) is also investing in renewable diesel production to serve environmentally conscious markets.

HF Sinclair Corporation (NYSE:DINO) is focusing on growing its lubricants and specialties business. The company has introduced digital tools to improve visibility into its supply chain and manufacturing cost structures and has developed new products, such as Circosol 5100, a rubber processing technology for the tire and construction industry, and Innovate, a dielectric immersion cooling fluid technology for the data center and digital mining space. These new products are expected to drive growth in the segment and provide significant value to the company’s customers.

HF Sinclair Corporation (NYSE:DINO) is prioritizing the expansion of its branded sites and has signed new contracts to convert stores to branded wholesale over the next six to 12 months. The company believes that its marketing business provides a significant opportunity for growth and is focused on getting more value out of its brand. Furthermore, the company is also working to reduce costs across its operations, with a focus on maintenance and operational efficiencies.