HF Sinclair Co. (NYSE:DINO) Receives $53.45 Average Target Price from Brokerages

Shares of HF Sinclair Co. (NYSE:DINO) have received an average rating of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $51.45.

DINO has been the topic of a number of recent analyst reports. BMO Capital Markets reduced their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Scotiabank cut their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. UBS Group decreased their target price on 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, Mizuho lowered their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday.

Insider Activity

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the purchase, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. The trade was a 10.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently made changes to their positions in DINO. Pacer Advisors Inc. grew its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after buying an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC raised its position in shares of HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Squarepoint Ops LLC raised its holdings in shares of HF Sinclair by 90.2% in the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock worth $45,315,000 after buying an additional 402,793 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after buying an additional 399,988 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of HF Sinclair during the second quarter valued at $12,001,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

NYSE:DINO opened at $34.70 on Monday. The firm has a market capitalization of $6.53 billion, a PE ratio of 21.42 and a beta of 1.20. The stock’s fifty day moving average is $41.31 and its 200 day moving average is $46.18. HF Sinclair has a fifty-two week low of $34.58 and a fifty-two week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the business posted $4.06 earnings per share. The business’s revenue was down 19.1% compared to the same quarter last year. On average, sell-side analysts anticipate that HF Sinclair will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

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.