HF Sinclair Corporation (NYSE:DINO) Receives Consensus Recommendation of “Hold” from Analysts

HF Sinclair Corporation (NYSE:DINO) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $60.20.

A number of brokerages recently commented on DINO. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Monday, November 10th. Wells Fargo & Company began coverage on shares of HF Sinclair in a research report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price target on the stock. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research note on Monday. Finally, Piper Sandler increased their target price on HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Friday, November 14th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after purchasing an additional 2,609,857 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in HF Sinclair during the second quarter worth approximately $70,437,000. Millennium Management LLC increased its position in shares of HF Sinclair by 207.5% in the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after acquiring an additional 1,329,408 shares in the last quarter. Invesco Ltd. raised its stake in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares during the period. Finally, Engineers Gate Manager LP lifted its holdings in shares of HF Sinclair by 1,068.6% during the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock valued at $32,314,000 after acquiring an additional 719,292 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.4%

NYSE:DINO opened at $46.35 on Friday. The company has a market capitalization of $8.53 billion, a PE ratio of 22.18 and a beta of 0.84. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $56.58. The stock’s 50 day moving average price is $51.81 and its 200 day moving average price is $48.51. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, topping the consensus estimate of $1.94 by $0.50. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The business had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the prior year, the business earned $0.51 earnings per share. The company’s quarterly revenue was up .6% compared to the same quarter last year. On average, research analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

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

About HF Sinclair

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.