HF Sinclair (NYSE:DINO) Coverage Initiated by Analysts at UBS Group

UBS Group started coverage on shares of HF Sinclair (NYSE:DINO – Get Rating) in a research note published on Wednesday, The Fly reports. The firm issued a neutral rating on the stock.

A number of other research analysts have also recently commented on DINO. Cowen boosted their target price on shares of HF Sinclair from $60.00 to $68.00 in a research report on Tuesday, November 8th. Cowen boosted their target price on shares of HF Sinclair to $68.00 in a research report on Tuesday, November 15th. TD Cowen cut shares of HF Sinclair from an outperform rating to a market perform rating and reduced their target price for the stock from $58.00 to $52.00 in a research report on Thursday, March 2nd. Piper Sandler cut their price target on shares of HF Sinclair from $86.00 to $75.00 and set an overweight rating on the stock in a report on Monday, December 19th. Finally, Wells Fargo & Company cut their price target on shares of HF Sinclair from $65.00 to $55.00 and set an equal weight rating on the stock in a report on Thursday, January 5th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of Moderate Buy and an average target price of $62.45.

HF Sinclair Price Performance

DINO opened at $50.29 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.08 and a debt-to-equity ratio of 0.29. HF Sinclair has a 52-week low of $32.53 and a 52-week high of $66.19. The company has a 50 day moving average of $53.22 and a two-hundred day moving average of $55.04. The company has a market cap of $9.87 billion, a P/E ratio of 3.67, a P/E/G ratio of 0.56 and a beta of 1.39.

HF Sinclair (NYSE:DINO – Get Rating) last posted its earnings results on Friday, February 24th. The company reported $2.97 EPS for the quarter, missing analysts’ consensus estimates of $3.59 by ($0.62). HF Sinclair had a return on equity of 31.28% and a net margin of 7.65%. The firm had revenue of $8.98 billion for the quarter, compared to analyst estimates of $8.82 billion. During the same period in the previous year, the firm posted ($0.11) earnings per share. The company’s revenue for the quarter was up 59.8% on a year-over-year basis. On average, analysts expect that HF Sinclair will post 8.69 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 17th. Shareholders of record on Tuesday, March 7th will be issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.58%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.40. The ex-dividend date is Monday, March 6th. HF Sinclair’s dividend payout ratio is 13.14%.

Insiders Place Their Bets

In other HF Sinclair news, major shareholder Carol Orme Holding sold 5,000,000 shares of the stock in a transaction on Wednesday, December 14th. The shares were sold at an average price of $48.20, for a total transaction of $241,000,000.00. Following the sale, the insider now directly owns 40,822,762 shares of the company’s stock, valued at $1,967,657,128.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Michael Jennings sold 50,000 shares of the company’s stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the completion of the transaction, the chief executive officer now owns 182,859 shares in the company, valued at $9,336,780.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Carol Orme Holding sold 5,000,000 shares of the company’s stock in a transaction dated Wednesday, December 14th. The stock was sold at an average price of $48.20, for a total transaction of $241,000,000.00. Following the transaction, the insider now owns 40,822,762 shares of the company’s stock, valued at approximately $1,967,657,128.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,054,180 shares of company stock valued at $243,764,675. Company insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently modified their holdings of the company. Eaton Vance Management grew its position in shares of HF Sinclair by 0.8% during the third quarter. Eaton Vance Management now owns 21,554 shares of the company’s stock worth $1,160,000 after acquiring an additional 172 shares during the last quarter. Resonant Capital Advisors LLC grew its position in HF Sinclair by 2.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 9,365 shares of the company’s stock valued at $504,000 after buying an additional 216 shares in the last quarter. Greenleaf Trust grew its position in HF Sinclair by 4.3% in the 3rd quarter. Greenleaf Trust now owns 5,603 shares of the company’s stock valued at $302,000 after buying an additional 230 shares in the last quarter. Vision Capital Management Inc. grew its position in HF Sinclair by 0.3% in the 4th quarter. Vision Capital Management Inc. now owns 68,658 shares of the company’s stock valued at $3,563,000 after buying an additional 236 shares in the last quarter. Finally, Wealthspire Advisors LLC grew its position in HF Sinclair by 3.5% in the 3rd quarter. Wealthspire Advisors LLC now owns 7,300 shares of the company’s stock valued at $393,000 after buying an additional 250 shares in the last quarter. Institutional investors own 87.69% of the company’s stock.

About HF Sinclair

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.