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

Shares of HF Sinclair Co. (NYSE:DINO) have received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $55.82.

Several equities research analysts have recently weighed in on the company. Piper Sandler reduced their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Morgan Stanley reduced their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. UBS Group reduced their target price on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Scotiabank reduced their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Finally, Mizuho reduced their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently bought and sold shares of DINO. Pacer Advisors Inc. raised its holdings in HF Sinclair by 58.3% during the second 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 in the last quarter. AQR Capital Management LLC raised 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 valued at $147,873,000 after buying an additional 997,629 shares in the last quarter. Vanguard Group Inc. raised its holdings in HF Sinclair by 3.8% during the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after buying an additional 696,031 shares in the last quarter. Janus Henderson Group PLC raised its holdings in HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after buying an additional 660,978 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new position in HF Sinclair during the second quarter valued at about $33,177,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Performance

DINO opened at $43.01 on Friday. The firm has a market cap of $8.26 billion, a PE ratio of 5.32 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $45.84 and a 200-day simple moving average of $50.50. HF Sinclair has a fifty-two week low of $42.42 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company posted $2.60 EPS. As a group, equities analysts predict that HF Sinclair will post 2.32 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.65%. HF Sinclair’s dividend payout ratio is 24.75%.

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.