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

Shares of HF Sinclair Corporation (NYSE:DINO) have been given an average recommendation of “Hold” by the fifteen analysts that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $58.7273.

DINO has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. Scotiabank cut HF Sinclair from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the stock from $62.00 to $53.00 in a report on Wednesday, February 18th. Piper Sandler dropped their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. Wall Street Zen cut HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Finally, Barclays decreased their target price on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $53.13 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. HF Sinclair has a one year low of $24.66 and a one year high of $59.33. The firm has a market capitalization of $9.58 billion, a P/E ratio of 17.30 and a beta of 0.83. The company’s fifty day moving average is $52.11 and its two-hundred day moving average is $51.79.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.83 by $0.37. The firm had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same quarter last year, the business earned ($1.02) earnings per share. Analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be given a $0.50 dividend. The ex-dividend date is Monday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair’s payout ratio is currently 65.15%.

Hedge Funds Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Quent Capital LLC acquired a new stake in shares of HF Sinclair in the third quarter valued at approximately $28,000. V Square Quantitative Management LLC acquired a new position in shares of HF Sinclair during the 4th quarter worth approximately $26,000. REAP Financial Group LLC purchased a new stake in HF Sinclair in the 4th quarter valued at approximately $29,000. Johnson Financial Group Inc. purchased a new stake in HF Sinclair in the 2nd quarter valued at approximately $33,000. Finally, IFC & Insurance Marketing Inc. acquired a new stake in HF Sinclair during the 4th quarter valued at $43,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.