Analysts Set HF Sinclair Co. (NYSE:DINO) Target Price at $43.30

Shares of HF Sinclair Co. (NYSE:DINO - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $43.30.

A number of equities analysts have recently commented on the stock. Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research note on Friday, April 11th. Barclays lifted their price target on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a report on Monday, May 12th. Morgan Stanley reduced their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Piper Sandler reduced their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Finally, Wells Fargo & Company reduced their price target on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company's 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 transaction, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DINO. Wealth Enhancement Advisory Services LLC raised its position in HF Sinclair by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock valued at $669,000 after purchasing an additional 367 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in HF Sinclair during the fourth quarter valued at approximately $175,000. Thurston Springer Miller Herd & Titak Inc. raised its position in HF Sinclair by 1,001.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,705 shares of the company's stock valued at $165,000 after purchasing an additional 4,278 shares in the last quarter. Gateway Investment Advisers LLC acquired a new position in HF Sinclair during the fourth quarter valued at approximately $222,000. Finally, Capital Advisors Wealth Management LLC raised its position in HF Sinclair by 19.2% during the fourth quarter. Capital Advisors Wealth Management LLC now owns 8,560 shares of the company's stock valued at $300,000 after purchasing an additional 1,381 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Down 0.6%

Shares of HF Sinclair stock traded down $0.22 during trading hours on Thursday, reaching $36.15. 1,431,565 shares of the company's stock were exchanged, compared to its average volume of 2,468,694. The company has a 50 day moving average of $31.64 and a two-hundred day moving average of $35.23. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $57.50. 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 stock has a market cap of $6.81 billion, a P/E ratio of 44.09 and a beta of 0.81.

HF Sinclair (NYSE:DINO - Get Free Report) last posted 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. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the business posted $0.71 EPS. The company's quarterly revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 5.53%. HF Sinclair's dividend payout ratio (DPR) is presently -259.74%.

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.