HF Sinclair Co. (NYSE:DINO) Receives Average Recommendation of “Hold” from Brokerages

HF Sinclair Co. (NYSE:DINO) has been given a consensus rating of “Hold” by the twelve analysts that are currently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $45.10.

Several analysts have issued reports on DINO shares. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Barclays reduced their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday. Morgan Stanley dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research report on Friday, March 14th. Wells Fargo & Company lifted their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, March 21st. Finally, Scotiabank lowered their price target on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a report on Friday, April 11th.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $29.02 on Friday. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $58.73. 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 stock has a 50 day moving average price of $32.35 and a 200 day moving average price of $36.86. The stock has a market capitalization of $5.47 billion, a PE ratio of 35.39 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is currently 243.90%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP grew its holdings in shares of HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock valued at $240,026,000 after purchasing an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of HF Sinclair by 12.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock valued at $193,197,000 after acquiring an additional 617,218 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after acquiring an additional 1,096,485 shares in the last quarter. Southeastern Asset Management Inc. TN bought a new stake in HF Sinclair during the 4th quarter worth $96,344,000. Finally, AQR Capital Management LLC increased its holdings in HF Sinclair by 61.6% in the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock worth $82,536,000 after purchasing an additional 906,225 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

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.