HF Sinclair Co. (NYSE:DINO) Receives Consensus Rating of “Hold” from Analysts

HF Sinclair Co. (NYSE:DINO) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $51.00.

Several analysts have commented on the company. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Scotiabank lowered their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Mizuho lowered their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Finally, TD Cowen reduced their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th.

Insider Buying and Selling at HF Sinclair

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the acquisition, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of large investors have recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after purchasing an additional 626,755 shares in the last quarter. Cambiar Investors LLC purchased a new stake in HF Sinclair in the fourth quarter valued at $7,751,000. Kornitzer Capital Management Inc. KS boosted its holdings in HF Sinclair by 72.2% in the fourth quarter. Kornitzer Capital Management Inc. KS now owns 433,155 shares of the company’s stock valued at $15,182,000 after purchasing an additional 181,550 shares during the last quarter. AustralianSuper Pty Ltd boosted its stake in shares of HF Sinclair by 11.7% during the 3rd quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock worth $74,797,000 after acquiring an additional 175,925 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after acquiring an additional 165,313 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Down 1.4 %

Shares of NYSE:DINO opened at $35.59 on Tuesday. HF Sinclair has a 52-week low of $33.47 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a market capitalization of $6.70 billion, a P/E ratio of 21.97 and a beta of 1.22. The stock has a 50 day moving average price of $36.80 and a 200-day moving average price of $42.41.

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.