HF Sinclair (NYSE:DINO) Coverage Initiated by Analysts at Evercore

Evercore started coverage on shares of HF Sinclair (NYSE:DINO) in a research note issued to investors on Friday morning, Marketbeat reports. The brokerage issued an in-line rating and a $85.00 price objective on the stock.

Several other brokerages also recently weighed in on DINO. Weiss Ratings raised HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Mizuho reissued a “neutral” rating and issued a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Finally, TD Cowen reduced their target price on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a report on Monday, June 29th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.17.

HF Sinclair Stock Performance

Shares of DINO stock opened at $88.56 on Friday. The firm has a market cap of $15.96 billion, a price-to-earnings ratio of 13.32 and a beta of 0.72. HF Sinclair has a 52-week low of $42.16 and a 52-week high of $88.74. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $71.79 and its 200 day moving average is $61.52.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period last year, the business posted ($0.27) EPS. The business’s revenue was up 11.8% compared to the same quarter last year. On average, sell-side analysts anticipate that HF Sinclair will post 10.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

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

Insider Activity

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Valerie Pompa sold 10,000 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This represents a 18.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. lifted its stake in HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after buying an additional 119,832 shares in the last quarter. Focus Partners Wealth boosted its holdings in shares of HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after buying an additional 8,102 shares during the period. Amundi boosted its stake in HF Sinclair by 7.7% during the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after purchasing an additional 12,387 shares during the period. Jump Financial LLC acquired a new stake in HF Sinclair in the 2nd quarter worth $209,000. Finally, Cerity Partners LLC raised its holdings in HF Sinclair by 25.7% in the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after acquiring an additional 29,635 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

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.