HF Sinclair Co. (NYSE:DINO) Given Average Recommendation of “Hold” by Brokerages

HF Sinclair Co. (NYSE:DINO) has been given an average recommendation of “Hold” by the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $51.45.

DINO has been the topic of a number of research analyst reports. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. BMO Capital Markets lowered their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Barclays decreased their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, UBS Group dropped their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th.

HF Sinclair Stock Up 1.1 %

DINO stock opened at $34.74 on Friday. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 21.44 and a beta of 1.22. HF Sinclair has a twelve month low of $33.47 and a twelve month high of $64.16. The business has a 50 day moving average price of $38.50 and a two-hundred day moving average price of $44.17. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its 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. 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 during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the business earned $4.06 earnings per share. The firm’s revenue was down 19.1% on a year-over-year basis. Analysts anticipate that HF Sinclair will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors 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 was Thursday, November 21st. HF Sinclair’s dividend payout ratio is 123.46%.

Insiders Place Their Bets

In related news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The shares were bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 17,000 shares of company stock worth $628,370 in the last quarter. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Nordea Investment Management AB raised its holdings in shares of HF Sinclair by 10.9% during the 4th quarter. Nordea Investment Management AB now owns 281,675 shares of the company’s stock worth $9,828,000 after buying an additional 27,733 shares in the last quarter. JPMorgan Chase & Co. grew its position in HF Sinclair by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after acquiring an additional 33,373 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in HF Sinclair during the third quarter worth about $134,000. World Investment Advisors LLC bought a new position in shares of HF Sinclair in the third quarter worth about $654,000. Finally, Pine Valley Investments Ltd Liability Co acquired a new stake in shares of HF Sinclair in the 3rd quarter valued at approximately $5,927,000. Institutional investors own 88.29% of the company’s stock.

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.