HF Sinclair Corporation (NYSE:DINO) Receives Average Rating of "Moderate Buy" from Analysts

Key Points

• Analysts rate HF Sinclair “Moderate Buy.” Among 16 analysts, six recommend buying and two strongly recommend buying, while the average 12-month price target is $83.42.
• HF Sinclair reported strong quarterly results, with earnings of $5.31 per share beating estimates of $4.49 and revenue rising 53.2% year over year to $10.39 billion.
• The company raised its quarterly dividend to $0.525 per share, equivalent to $2.10 annually and a 2.0% yield; institutional investors own 88.29% of the stock.

HF Sinclair Corporation (NYSE:DINO - Get Free Report) has been given an average rating of "Moderate Buy" by the sixteen ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $83.4167.

Several research analysts recently commented on the stock. Barclays lifted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 29th. Wall Street Zen upgraded HF Sinclair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Freedom Capital cut HF Sinclair from a "hold" rating to a "strong sell" rating in a research report on Tuesday, July 28th. UBS Group increased their target price on HF Sinclair from $65.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, May 5th. Finally, Raymond James Financial set a $105.00 target price on HF Sinclair in a report on Wednesday, July 29th.

Insiders Place Their Bets

In related news, SVP Dale Kunneman sold 8,936 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of the business's stock in a transaction that occurred on Tuesday, June 16th. The shares were bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the purchase, the director owned 15,037 shares in the company, valued at approximately $997,253.84. The trade was a 11.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.26% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DINO. Amundi lifted its stake in shares of HF Sinclair by 12.7% in the second quarter. Amundi now owns 309,993 shares of the company's stock valued at $21,591,000 after buying an additional 35,049 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in HF Sinclair during the second quarter valued at about $902,000. California State Teachers Retirement System raised its holdings in HF Sinclair by 6,576.6% in the 2nd quarter. California State Teachers Retirement System now owns 12,375,830 shares of the company's stock valued at $861,977,000 after acquiring an additional 12,190,470 shares in the last quarter. HB Wealth Management LLC raised its holdings in HF Sinclair by 2.3% in the 2nd quarter. HB Wealth Management LLC now owns 18,918 shares of the company's stock valued at $1,318,000 after acquiring an additional 434 shares in the last quarter. Finally, Compass Financial Management LLC bought a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $325,000. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $103.90 on Wednesday. The business has a 50-day moving average of $86.03 and a two-hundred day moving average of $70.80. HF Sinclair has a fifty-two week low of $45.71 and a fifty-two week high of $103.99. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The stock has a market capitalization of $18.47 billion, a P/E ratio of 9.91 and a beta of 0.70.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company's revenue for the quarter was up 53.2% compared to the same quarter last year. On average, equities research analysts predict that HF Sinclair will post 11.85 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th will be given a $0.525 dividend. This is a positive change from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is currently 20.04%.

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.

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