Brokerages Set HF Sinclair Co. (NYSE:DINO) Price Target at $45.10

HF Sinclair Co. (NYSE:DINO - Get Free Report) has been given a consensus recommendation of "Hold" by the twelve research firms that are presently covering the company, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $45.10.

A number of equities research analysts have recently weighed in on DINO shares. Morgan Stanley dropped their price objective on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Piper Sandler set a $46.00 price target on HF Sinclair in a research report on Friday, March 7th. Mizuho lowered their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company raised their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, March 21st. Finally, Barclays reduced their target price on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now owns 154,065 shares of the company's stock, valued at $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently bought and sold shares of DINO. Morse Asset Management Inc acquired a new position in HF Sinclair in the 3rd quarter valued at $1,560,000. Virtu Financial LLC acquired a new position in shares of HF Sinclair during the 3rd quarter worth $298,000. Pine Valley Investments Ltd Liability Co acquired a new position in shares of HF Sinclair during the 3rd quarter worth $5,927,000. World Investment Advisors LLC acquired a new position in shares of HF Sinclair during the 3rd quarter worth $654,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of HF Sinclair during the 3rd quarter worth $134,000. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Trading Up 2.0 %

NYSE:DINO traded up $0.60 on Friday, reaching $30.63. The company's stock had a trading volume of 276,229 shares, compared to its average volume of 2,384,224. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $58.73. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 37.32 and a beta of 1.00. The stock has a 50 day moving average price of $31.92 and a 200 day moving average price of $36.57.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. On average, equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.53%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

About HF Sinclair

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.