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

HF Sinclair Co. (NYSE:DINO) has earned an average rating of “Hold” from the twelve analysts that are covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $47.00.

DINO has been the subject of several research analyst reports. Morgan Stanley cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research note on Friday, March 14th. JPMorgan Chase & Co. cut their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. Barclays cut their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, March 14th. Finally, TD Cowen decreased their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th.

HF Sinclair Price Performance

Shares of HF Sinclair stock 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 quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The stock’s 50-day simple moving average is $35.24 and its 200-day simple moving average is $38.99. HF Sinclair has a 52 week low of $29.85 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. As a group, analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 6.03%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently bought and sold shares of the business. Southeastern Asset Management Inc. TN bought a new stake in shares of HF Sinclair during the fourth quarter worth $96,344,000. Balyasny Asset Management L.P. lifted its holdings 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 buying an additional 1,593,875 shares in the last quarter. Norges Bank purchased a new stake in HF Sinclair in the 4th quarter valued at about $41,317,000. Thompson Siegel & Walmsley LLC grew its stake in HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after acquiring an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after acquiring an additional 1,096,485 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

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.