HF Sinclair Corporation (NYSE:DINO) Receives Average Rating of “Hold” from Analysts

Shares of HF Sinclair Corporation (NYSE:DINO) have received an average rating of “Hold” from the thirteen analysts that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $60.20.

Several equities research analysts have recently weighed in on the stock. Barclays increased their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 1st. Morgan Stanley lifted their target price on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a report on Monday. Piper Sandler increased their price target on HF Sinclair from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. Finally, Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in DINO. Quent Capital LLC acquired a new position in HF Sinclair during the 3rd quarter worth approximately $28,000. Kiker Wealth Management LLC acquired a new position in HF Sinclair during the second quarter worth $32,000. Johnson Financial Group Inc. acquired a new position in HF Sinclair during the second quarter worth $33,000. West Oak Capital LLC purchased a new position in HF Sinclair in the second quarter worth $38,000. Finally, State of Wyoming acquired a new stake in HF Sinclair in the second quarter valued at $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $46.35 on Friday. The firm’s fifty day simple moving average is $51.81 and its 200-day simple moving average is $48.51. 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 $8.53 billion, a price-to-earnings ratio of 22.18 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. HF Sinclair’s revenue for the quarter was up .6% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. As a group, equities analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Wednesday, November 19th. HF Sinclair’s payout ratio is 95.69%.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.