HF Sinclair Corporation (NYSE:DINO) Stock Has Average Target Price of $94.25 According to Brokerages

Key Points

• Analysts give HF Sinclair a “Moderate Buy” consensus, with six buy ratings, two strong-buy ratings, seven holds and one sell. The average 12-month price target is $94.25, below the stock’s reported $106.85 opening price.
• HF Sinclair outperformed quarterly expectations, reporting $5.31 in EPS versus the $4.49 consensus and $10.39 billion in revenue, up 53.2% year over year.
• The company increased its quarterly dividend to $0.525 per share, or $2.10 annually, representing a 2.0% yield and a 20.04% payout ratio.

Shares of HF Sinclair Corporation (NYSE:DINO - Get Free Report) have earned an average recommendation of "Moderate Buy" from the sixteen research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $94.25.

Several brokerages have recently weighed in on DINO. Zacks Research upgraded HF Sinclair from a "hold" rating to a "strong-buy" rating in a report on Monday, August 10th. Weiss Ratings upgraded HF Sinclair from a "hold (c+)" rating to a "buy (b-)" rating in a report on Tuesday, August 4th. The Goldman Sachs Group reissued a "buy" rating and set a $114.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Wells Fargo & Company raised their price target on HF Sinclair from $67.00 to $93.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 1st. Finally, Morgan Stanley boosted their price target on HF Sinclair from $78.00 to $127.00 and gave the stock an "overweight" rating in a research report on Monday, September 14th.

HF Sinclair Trading Up 1.0%

NYSE DINO opened at $106.85 on Friday. HF Sinclair has a 52 week low of $45.71 and a 52 week high of $118.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The stock's 50 day moving average price is $97.85 and its two-hundred day moving average price is $77.60. The stock has a market capitalization of $19.00 billion, a price-to-earnings ratio of 10.20 and a beta of 0.71.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate 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 business earned $1.10 EPS. The business's quarterly revenue was up 53.2% on a year-over-year basis. As a group, analysts anticipate that HF Sinclair will post 17.51 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. Shareholders of record on Tuesday, August 11th were given a dividend of $0.5250 per share. This represents a $2.10 annualized dividend and a yield of 2.0%. This is an increase from HF Sinclair's previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 11th. HF Sinclair's payout ratio is currently 20.04%.

Insider Buying and Selling

In other HF Sinclair news, SVP Dale Kunneman sold 8,936 shares of the stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents 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 link. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

Hedge funds have recently made changes to their positions in the business. QRG Capital Management Inc. lifted its holdings in HF Sinclair by 27.0% during the 2nd quarter. QRG Capital Management Inc. now owns 7,231 shares of the company's stock valued at $504,000 after purchasing an additional 1,536 shares during the last quarter. Core Capital Management & Research inc. bought a new stake in HF Sinclair in the 2nd quarter valued at about $67,000. Sequoia Financial Advisors LLC boosted its stake in shares of HF Sinclair by 67.5% in the second quarter. Sequoia Financial Advisors LLC now owns 14,553 shares of the company's stock valued at $1,014,000 after buying an additional 5,863 shares during the period. WINTON GROUP Ltd bought a new stake in shares of HF Sinclair during the 2nd quarter valued at $397,000. Finally, RFG Advisory LLC bought a new stake in HF Sinclair during the second quarter worth about $1,281,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into transportation fuels, including gasoline, diesel and jet fuel, as well as asphalt, base oils and other specialty products.

Through its marketing operations, HF Sinclair supplies fuel and related products to commercial customers, wholesale distributors and retail locations under brands that include Sinclair, HollyFrontier and various regional fuel brands.

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