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

HF Sinclair Co. (NYSE:DINO) has been given a consensus rating of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $65.42.

Several research firms have commented on DINO. TD Cowen increased their price objective on shares of HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a research note on Thursday, February 22nd. Piper Sandler upped their target price on HF Sinclair from $67.00 to $70.00 and gave the company an “overweight” rating in a report on Friday, April 5th. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Barclays initiated coverage on HF Sinclair in a research note on Monday, February 26th. They issued an “equal weight” rating and a $60.00 price objective for the company. Finally, Mizuho lowered their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a research note on Monday, April 15th.

Insider Buying and Selling

In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares of the company’s stock, valued at $600,490.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Franklin Myers bought 4,180 shares of the company’s stock in a transaction on Monday, February 26th. The shares were bought at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the transaction, the director now owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DINO. Robeco Institutional Asset Management B.V. lifted its stake in HF Sinclair by 154.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 220,649 shares of the company’s stock worth $12,562,000 after purchasing an additional 133,987 shares in the last quarter. Xponance Inc. boosted its stake in HF Sinclair by 16.9% during the third quarter. Xponance Inc. now owns 18,870 shares of the company’s stock valued at $1,074,000 after buying an additional 2,731 shares during the period. Raymond James & Associates boosted its stake in HF Sinclair by 14.2% during the third quarter. Raymond James & Associates now owns 225,038 shares of the company’s stock valued at $12,811,000 after buying an additional 28,028 shares during the period. Stratos Wealth Partners LTD. purchased a new position in HF Sinclair during the third quarter worth about $593,000. Finally, Bank of New York Mellon Corp increased its stake in HF Sinclair by 2.7% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,842,942 shares of the company’s stock worth $104,919,000 after acquiring an additional 48,034 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.3 %

NYSE DINO opened at $54.42 on Friday. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $58.46 and a 200 day simple moving average of $56.39. HF Sinclair has a 12 month low of $37.12 and a 12 month high of $64.16. The firm has a market capitalization of $10.73 billion, a P/E ratio of 6.56 and a beta of 1.31.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The firm had revenue of $7.66 billion during the quarter, compared to analyst estimates of $8.05 billion. During the same quarter in the prior year, the business posted $2.97 EPS. The business’s revenue was down 14.7% compared to the same quarter last year. On average, analysts predict that HF Sinclair will post 6.55 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were paid a dividend of $0.50 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. This represents a $2.00 annualized dividend and a dividend yield of 3.68%. HF Sinclair’s dividend payout ratio is presently 24.10%.

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.