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

Shares of HF Sinclair Co. (NYSE:DINO) have received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $53.45.

Several research firms recently issued reports on DINO. Morgan Stanley dropped their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Piper Sandler reduced their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. BMO Capital Markets dropped their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Mizuho lowered their price target on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Scotiabank decreased their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th.

HF Sinclair Stock Down 1.9 %

NYSE DINO opened at $37.45 on Monday. The stock has a market cap of $7.05 billion, a PE ratio of 23.12 and a beta of 1.20. The business has a 50 day moving average price of $41.91 and a two-hundred day moving average price of $46.52. HF Sinclair has a fifty-two week low of $37.34 and a fifty-two week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the firm posted $4.06 earnings per share. The company’s revenue was down 19.1% compared to the same quarter last year. As a group, sell-side analysts predict that HF Sinclair will post 2.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

Institutional Trading of HF Sinclair

Institutional investors have recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in HF Sinclair in the 2nd quarter worth approximately $806,000. Aigen Investment Management LP acquired a new stake in shares of HF Sinclair in the third quarter worth $1,253,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HF Sinclair by 399.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock worth $3,108,000 after buying an additional 46,586 shares during the period. Point72 Hong Kong Ltd acquired a new position in HF Sinclair in the 2nd quarter valued at $723,000. Finally, Thompson Siegel & Walmsley LLC raised its holdings in HF Sinclair by 4.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock worth $47,268,000 after acquiring an additional 41,456 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.