HF Sinclair Co. (NYSE:DINO) Receives $65.42 Consensus PT from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are presently covering the firm, Marketbeat reports. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $65.42.

DINO has been the subject of several research analyst reports. Wells Fargo & Company raised their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their price target for the company from $62.00 to $78.00 in a report on Friday, March 15th. Barclays started coverage on HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. Piper Sandler lifted their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Finally, Mizuho dropped their price target on shares of HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, April 15th.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total value of $74,114.30. Following the transaction, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of HF Sinclair by 55.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after acquiring an additional 1,656,704 shares during the period. Vanguard Group Inc. increased its position in HF Sinclair by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after buying an additional 1,549,091 shares in the last quarter. Norges Bank acquired a new position in shares of HF Sinclair in the fourth quarter worth $65,774,000. Los Angeles Capital Management LLC purchased a new stake in shares of HF Sinclair in the third quarter valued at $41,728,000. Finally, KBC Group NV increased its position in HF Sinclair by 537.0% during the 4th quarter. KBC Group NV now owns 357,929 shares of the company’s stock worth $19,890,000 after purchasing an additional 301,742 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Trading Down 0.7 %

Shares of NYSE DINO opened at $54.84 on Friday. The business has a fifty day moving average price of $58.32 and a 200 day moving average price of $56.36. HF Sinclair has a 1-year low of $38.49 and a 1-year high of $64.16. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. The stock has a market capitalization of $10.81 billion, a P/E ratio of 6.61 and a beta of 1.31.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.66 billion for the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the prior year, the business posted $2.97 EPS. HF Sinclair’s revenue for the quarter was down 14.7% compared to the same quarter last year. Equities research analysts expect that HF Sinclair will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were given a dividend of $0.50 per share. This is a boost from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 3.65%. The ex-dividend date was Friday, February 23rd. HF Sinclair’s payout ratio is 24.10%.

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.