HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have received an average recommendation of “Moderate Buy” from the twelve analysts that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $43.30.

Several equities research analysts have issued reports on the stock. TD Cowen lifted their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Friday, May 2nd. Morgan Stanley cut their price objective on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Barclays lifted their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday. Piper Sandler reduced their price target on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. Finally, Scotiabank decreased their target price on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th.

HF Sinclair Stock Up 0.7%

HF Sinclair stock opened at $36.98 on Thursday. The stock has a market capitalization of $6.97 billion, a PE ratio of 45.10 and a beta of 0.81. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $58.73. The company has a 50 day moving average of $31.21 and a 200-day moving average of $35.37. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. The company had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. HF Sinclair’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.71 earnings per share. On average, equities research analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio is -259.74%.

Insiders Place Their Bets

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently made changes to their positions in DINO. Harbour Investments Inc. increased its stake in HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after acquiring an additional 310 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in HF Sinclair by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after acquiring an additional 367 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its position in HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after purchasing an additional 379 shares in the last quarter. Finally, Bank & Trust Co lifted its stake in HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company’s stock valued at $159,000 after purchasing an additional 389 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.