HF Sinclair Co. (NYSE:DINO) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of HF Sinclair Co. (NYSE:DINO - Get Free Report) have earned an average rating of "Moderate Buy" from the twelve brokerages that are covering the stock, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $43.30.

DINO has been the topic of several analyst reports. Piper Sandler cut their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Wells Fargo & Company reduced their price objective on shares of HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research note on Friday, May 2nd. Barclays upped their price target on shares of HF Sinclair from $29.00 to $32.00 and gave the company an "equal weight" rating in a report on Monday. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the company from $40.00 to $47.00 in a research note on Tuesday. Finally, TD Cowen upped their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd.

HF Sinclair Trading Up 0.7%

NYSE DINO opened at $36.98 on Thursday. The company has a market capitalization of $6.97 billion, a PE ratio of 45.10 and a beta of 0.81. HF Sinclair has a 1-year low of $24.66 and a 1-year high of $58.73. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm's fifty day simple moving average is $31.21 and its 200-day simple moving average is $35.37.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm's revenue was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.71 earnings per share. As a group, sell-side analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.41%. The ex-dividend date is Thursday, May 15th. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares in the company, valued at $5,493,957.90. This represents a 3.35% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Harbour Investments Inc. lifted its stake in shares of HF Sinclair by 15.0% during the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after acquiring an additional 310 shares during the period. EverSource Wealth Advisors LLC grew its holdings in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after acquiring an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in shares of HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock worth $669,000 after purchasing an additional 367 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in shares of HF Sinclair by 1.9% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock worth $685,000 after purchasing an additional 379 shares during the period. Finally, Bank & Trust Co boosted its holdings in HF Sinclair by 8.7% during the first quarter. Bank & Trust Co now owns 4,838 shares of the company's stock worth $159,000 after buying an additional 389 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Company Profile

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.

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