HF Sinclair Co. (NYSE:DINO) Receives $51.00 Consensus Target Price from Brokerages

Shares of HF Sinclair Co. (NYSE:DINO) have earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $51.00.

DINO has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Barclays dropped their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. TD Cowen lowered their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. UBS Group cut their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th.

HF Sinclair Price Performance

NYSE DINO opened at $33.06 on Friday. The company has a 50 day moving average price of $36.06 and a two-hundred day moving average price of $40.71. HF Sinclair has a 12-month low of $32.86 and a 12-month high of $64.16. The stock has a market capitalization of $6.23 billion, a PE ratio of 40.32 and a beta of 1.22. 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 issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, equities analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.05%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 7,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 17,000 shares of company stock valued at $612,870 over the last quarter. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently made changes to their positions in DINO. JPMorgan Chase & Co. lifted its position in HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after buying an additional 33,373 shares in the last quarter. Aigen Investment Management LP bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $1,253,000. Merit Financial Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $263,000. Blue Trust Inc. raised its position in HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after purchasing an additional 2,655 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co acquired a new position in HF Sinclair during the 3rd quarter worth $5,927,000. 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.