HF Sinclair Corporation (NYSE:DINO) Stock Has Average Target Price of $106.50 According to Brokerages

Key Points

• Analysts hold a “Moderate Buy” consensus on HF Sinclair, with six buy ratings, two strong-buy ratings, seven holds and one sell. The average 12-month price target is $106.50.
• HF Sinclair reported strong quarterly results, with EPS of $5.31 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, equivalent to an annualized $2.10 payout and a 1.7% yield. Institutional investors own approximately 88.29% of the stock.

Shares of HF Sinclair Corporation (NYSE:DINO - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the sixteen brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $106.50.

Several equities research analysts have recently commented on the company. UBS Group boosted their price target on HF Sinclair from $126.00 to $133.00 and gave the stock a "buy" rating in a research note on Saturday, October 3rd. Barclays raised their price objective on HF Sinclair from $86.00 to $122.00 and gave the company an "equal weight" rating in a research note on Monday, October 12th. Freedom Capital downgraded HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. TD Cowen lifted their price objective on HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a report on Tuesday, July 21st. Finally, Zacks Research upgraded HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 10th.

HF Sinclair Stock Up 0.3%

DINO stock opened at $125.67 on Thursday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company's 50-day moving average price is $108.84 and its 200 day moving average price is $85.27. HF Sinclair has a 52 week low of $45.71 and a 52 week high of $129.37. The company has a market cap of $22.34 billion, a P/E ratio of 11.99 and a beta of 0.72.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company had revenue of $10.39 billion during the quarter, compared to analysts' expectations of $8.68 billion. During the same period last year, the company posted $1.10 earnings per share. The firm's quarterly revenue was up 53.2% compared to the same quarter last year. On average, research analysts expect that HF Sinclair will post 18.65 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were given a $0.5250 dividend. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date was Tuesday, August 11th. HF Sinclair's dividend payout ratio (DPR) is 20.04%.

Insider Buying and Selling at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company's stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently made changes to their positions in the business. Clearstead Trust LLC purchased a new position in HF Sinclair during the 2nd quarter valued at about $33,000. Fairway Wealth LLC purchased a new stake in shares of HF Sinclair in the first quarter valued at about $41,000. Bullock Wealth Management Group purchased a new stake in shares of HF Sinclair in the third quarter valued at about $41,000. Main Street Group LTD purchased a new stake in shares of HF Sinclair in the first quarter valued at about $54,000. Finally, Core Capital Management & Research inc. acquired a new stake in shares of HF Sinclair in the second quarter valued at approximately $67,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

HF Sinclair Corporation NYSE: DINO is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.

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