HF Sinclair Co. (NYSE:DINO) Receives $43.30 Average Target Price from Brokerages

Shares of HF Sinclair Co. (NYSE:DINO) have received a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $43.70.

DINO has been the topic of several research analyst reports. Piper Sandler lowered their target price on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research note on Friday, May 2nd. Mizuho upgraded shares of HF Sinclair from a “neutral” rating to an “outperform” rating and raised their target price for the company from $40.00 to $47.00 in a research note on Tuesday, May 13th. Barclays upped their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Scotiabank dropped their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, Morgan Stanley lowered their target price on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC acquired a new position in HF Sinclair during the fourth quarter worth $31,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair during the fourth quarter worth about $32,000. EverSource Wealth Advisors LLC grew its holdings in shares of HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after buying an additional 327 shares during the last quarter. Byrne Asset Management LLC purchased a new stake in HF Sinclair in the 1st quarter valued at approximately $35,000. Finally, Allworth Financial LP lifted its position in shares of HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock valued at $41,000 after acquiring an additional 1,130 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of DINO opened at $38.67 on Monday. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $54.48. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company’s 50 day simple moving average is $32.79 and its 200 day simple moving average is $34.65. The company has a market capitalization of $7.29 billion, a price-to-earnings ratio of 47.16 and a beta of 0.90.

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

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.17%. HF Sinclair’s payout ratio is -259.74%.

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.