HF Sinclair Corporation (NYSE:DINO) Given Consensus Rating of “Hold” by Brokerages

HF Sinclair Corporation (NYSE:DINO) has earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $59.1818.

DINO has been the topic of a number of research reports. The Goldman Sachs Group upped their target price on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research report on Thursday, September 18th. Mizuho upped their price target on shares of HF Sinclair from $60.00 to $62.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Piper Sandler increased their price objective on HF Sinclair from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Scotiabank reissued an “outperform” rating on shares of HF Sinclair in a report on Thursday, October 9th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after buying an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in HF Sinclair by 5.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after acquiring an additional 298,735 shares in the last quarter. AQR Capital Management LLC lifted its stake in HF Sinclair by 109.8% in the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of HF Sinclair by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock valued at $118,969,000 after acquiring an additional 27,548 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in HF Sinclair by 1.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock valued at $83,638,000 after purchasing an additional 36,592 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

HF Sinclair stock opened at $52.91 on Monday. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $56.58. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of -115.02 and a beta of 0.99. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock has a 50-day simple moving average of $53.05 and a 200 day simple moving average of $46.97.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $1.94 by $0.50. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the prior year, the firm earned $0.51 earnings per share. HF Sinclair’s revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Wednesday, November 19th. HF Sinclair’s payout ratio is currently 95.69%.

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.