HF Sinclair Corporation (NYSE:DINO) Receives $74.27 Average Price Target from Analysts

Shares of HF Sinclair Corporation (NYSE:DINO) have received an average rating of “Moderate Buy” from the fifteen ratings firms that are presently covering the firm, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $74.2727.

DINO has been the subject of several analyst reports. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. UBS Group raised their target price on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. The Goldman Sachs Group reissued a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Morgan Stanley upped their price target on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Finally, Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

Insider Buying and Selling at HF Sinclair

In related news, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares of the company’s stock, valued at $824,937.75. The trade was a 5.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the completion of the transaction, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. This represents a 18.83% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new position in HF Sinclair in the fourth quarter valued at about $26,000. REAP Financial Group LLC purchased a new stake in HF Sinclair during the 4th quarter worth approximately $29,000. Fairway Wealth LLC acquired a new position in shares of HF Sinclair in the 1st quarter valued at approximately $41,000. Nalls Sherbakoff Group LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at approximately $36,000. Finally, Main Street Group LTD purchased a new position in shares of HF Sinclair during the 1st quarter valued at approximately $54,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 3.4%

Shares of DINO stock opened at $86.79 on Tuesday. The stock has a market cap of $15.65 billion, a price-to-earnings ratio of 13.05 and a beta of 0.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. HF Sinclair has a fifty-two week low of $42.16 and a fifty-two week high of $87.28. The firm’s 50 day moving average price is $71.46 and its two-hundred day moving average price is $61.33.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The company had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the firm earned ($0.27) earnings per share. HF Sinclair’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, analysts anticipate that HF Sinclair will post 10.27 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. HF Sinclair’s dividend payout ratio is 30.08%.

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.