HF Sinclair Co. (NYSE:DINO) Receives Consensus Rating of “Moderate Buy” from Brokerages

HF Sinclair Co. (NYSE:DINO) has earned a consensus rating of “Moderate Buy” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $54.27.

Several analysts have weighed in on the company. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Barclays lowered their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Piper Sandler cut their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. BMO Capital Markets decreased their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Finally, Morgan Stanley reduced their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th.

HF Sinclair Trading Up 0.2 %

Shares of HF Sinclair stock opened at $42.36 on Thursday. The stock’s 50-day simple moving average is $43.74 and its 200 day simple moving average is $48.51. 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 has a 52-week low of $38.25 and a 52-week high of $64.16. The stock has a market capitalization of $7.97 billion, a P/E ratio of 26.15 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s revenue was down 19.1% on a year-over-year basis. During the same period in the prior year, the business posted $4.06 earnings per share. As a group, research analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.72%. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently modified their holdings of the stock. Matrix Trust Co lifted its stake in shares of HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the period. Capital Performance Advisors LLP purchased a new position in HF Sinclair during the third quarter valued at $27,000. Innealta Capital LLC purchased a new position in HF Sinclair during the second quarter valued at $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in shares of HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair in the 3rd quarter worth about $50,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.