HF Sinclair Co. (NYSE:DINO) Receives Average Recommendation of “Hold” from Analysts

HF Sinclair Co. (NYSE:DINO) has earned a consensus recommendation of “Hold” from the twelve research firms that are presently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $47.00.

A number of equities analysts have recently issued reports on DINO shares. Barclays dropped their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Wells Fargo & Company increased their target price on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Morgan Stanley reduced their price target on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Mizuho dropped their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, TD Cowen reduced their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th.

HF Sinclair Price Performance

DINO opened at $33.18 on Wednesday. The company has a market capitalization of $6.25 billion, a price-to-earnings ratio of 40.46 and a beta of 1.13. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair has a 12-month low of $29.85 and a 12-month high of $64.16. The business’s fifty day simple moving average is $35.24 and its 200-day simple moving average is $38.99.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share 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 analysts’ expectations of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, equities research analysts anticipate 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 was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.03%. HF Sinclair’s payout ratio is 243.90%.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were bought 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. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently made changes to their positions in the stock. Southeastern Asset Management Inc. TN acquired a new position in shares of HF Sinclair in the 4th quarter valued at $96,344,000. Balyasny Asset Management L.P. grew its stake in HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock valued at $64,525,000 after purchasing an additional 1,593,875 shares during the last quarter. Norges Bank acquired a new position in shares of HF Sinclair in the fourth quarter valued at about $41,317,000. Thompson Siegel & Walmsley LLC raised its stake in shares of HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after purchasing an additional 1,126,825 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after purchasing an additional 1,096,485 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.