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

Shares of HF Sinclair Co. (NYSE:DINO) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $59.73.

Several research analysts have issued reports on DINO shares. Morgan Stanley dropped their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Mizuho reduced their price target on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a research report on Monday, September 16th. UBS Group dropped their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Finally, Wolfe Research began coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Pacer Advisors Inc. raised its position in HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after buying an additional 2,868,273 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of HF Sinclair by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares in the last quarter. AQR Capital Management LLC boosted its holdings in HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Janus Henderson Group PLC grew its position in HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. acquired a new stake in HF Sinclair in the 2nd quarter valued at $33,177,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

NYSE DINO opened at $44.23 on Wednesday. The company’s fifty day moving average is $47.08 and its two-hundred day moving average is $52.51. HF Sinclair has a 52-week low of $43.88 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The firm has a market capitalization of $8.50 billion, a price-to-earnings ratio of 5.47 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period last year, the business earned $2.60 earnings per share. HF Sinclair’s quarterly revenue was up .2% compared to the same quarter last year. Equities research analysts forecast that HF Sinclair will post 2.84 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.52%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

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.