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

HF Sinclair Co. (NYSE:DINO – Get Rating) has earned an average rating of “Hold” from the twelve analysts that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $59.33.

A number of brokerages have recently issued reports on DINO. Wells Fargo & Company raised HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 price target on the stock in a report on Thursday, March 16th. UBS Group began coverage on HF Sinclair in a report on Wednesday, March 8th. They set a “neutral” rating and a $58.00 price objective for the company. JPMorgan Chase & Co. boosted their price target on HF Sinclair from $55.00 to $58.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 28th. TD Cowen dropped their price target on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating on the stock in a research note on Friday, May 5th. Finally, Piper Sandler lowered their target price on HF Sinclair from $73.00 to $59.00 in a research note on Thursday.

HF Sinclair Stock Performance

HF Sinclair stock opened at $41.35 on Friday. The company has a market capitalization of $7.95 billion, a P/E ratio of 2.83, a P/E/G ratio of 2.63 and a beta of 1.42. The business has a 50 day moving average of $44.81 and a 200-day moving average of $51.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.10 and a quick ratio of 1.00. HF Sinclair has a 1 year low of $37.12 and a 1 year high of $66.19.

HF Sinclair (NYSE:DINO – Get Rating) last announced its earnings results on Thursday, May 4th. The company reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.48 by $0.52. The firm had revenue of $7.57 billion during the quarter, compared to analyst estimates of $6.97 billion. HF Sinclair had a return on equity of 32.56% and a net margin of 8.13%. The business’s revenue was up 1.4% compared to the same quarter last year. During the same period last year, the firm posted $0.99 EPS. On average, equities research analysts predict that HF Sinclair will post 8.41 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 18th will be given a dividend of $0.45 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $1.80 annualized dividend and a dividend yield of 4.35%. HF Sinclair’s dividend payout ratio is currently 12.34%.

Insider Buying and Selling at HF Sinclair

In other news, CEO Michael Jennings sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the completion of the sale, the chief executive officer now directly owns 182,859 shares in the company, valued at approximately $9,336,780.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, CEO Michael Jennings sold 50,000 shares of the company’s stock in a transaction on Wednesday, March 8th. The stock was sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the completion of the sale, the chief executive officer now directly owns 182,859 shares in the company, valued at approximately $9,336,780.54. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Carol Orme Holding sold 4,000,000 shares of the company’s stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the sale, the insider now directly owns 34,853,483 shares of the company’s stock, valued at $1,658,677,255.97. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Red Tortoise LLC acquired a new stake in HF Sinclair during the fourth quarter worth about $25,000. U.S. Capital Wealth Advisors LLC purchased a new position in HF Sinclair during the 4th quarter worth approximately $26,000. Gladius Capital Management LP acquired a new position in HF Sinclair during the fourth quarter valued at $33,000. Lansing Street Advisors purchased a new stake in shares of HF Sinclair in the fourth quarter worth approximately $46,000. Finally, Parkside Financial Bank & Trust purchased a new stake in HF Sinclair in the 1st quarter worth approximately $36,000. 87.69% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.