HF Sinclair Co. (NYSE:DINO) Receives $53.45 Average PT from Analysts

HF Sinclair Co. (NYSE:DINO) has received an average recommendation of “Hold” from the thirteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $51.45.

A number of research analysts have weighed in on DINO shares. Barclays cut their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Piper Sandler reduced their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. BMO Capital Markets dropped their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Scotiabank reduced their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th.

Insiders Place Their Bets

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 17,000 shares of company stock worth $628,370. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

A number of institutional investors have recently made changes to their positions in DINO. V Square Quantitative Management LLC lifted its position in HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after acquiring an additional 226 shares during the period. Empirical Finance LLC lifted its holdings in shares of HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after purchasing an additional 228 shares during the period. Fifth Third Bancorp boosted its position in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after buying an additional 267 shares during the last quarter. Matrix Trust Co increased its holdings in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares during the period. Finally, iA Global Asset Management Inc. raised its position in HF Sinclair by 7.5% during the 2nd quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock worth $260,000 after buying an additional 342 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Up 0.3 %

Shares of NYSE DINO opened at $33.76 on Monday. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 20.84 and a beta of 1.20. HF Sinclair has a 12-month low of $33.51 and a 12-month high of $64.16. 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’s 50-day moving average price is $40.82 and its 200-day moving average price is $45.95.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the business posted $4.06 earnings per share. On average, equities research analysts anticipate that HF Sinclair will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.92%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

HF Sinclair Company Profile

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.