HF Sinclair Co. (NYSE:DINO) Receives Consensus Rating of "Moderate Buy" from Brokerages

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

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target 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. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Scotiabank cut their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a report on Friday, April 11th. TD Cowen increased their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Finally, Piper Sandler cut their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd.

Institutional Trading of HF Sinclair

A number of hedge funds have recently modified their holdings of DINO. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $31,000. Lee Danner & Bass Inc. acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC lifted its stake in shares of 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 buying an additional 327 shares during the last quarter. Byrne Asset Management LLC acquired a new stake in HF Sinclair in the 1st quarter worth about $35,000. Finally, Allworth Financial LP raised its stake in HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after purchasing an additional 1,130 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company's stock.

HF Sinclair Price Performance

NYSE:DINO opened at $36.77 on Monday. The firm has a market cap of $6.93 billion, a PE ratio of 44.84 and a beta of 0.90. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $54.48. 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 company's 50-day moving average price is $32.34 and its two-hundred day moving average price is $34.65.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (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 for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the business earned $0.71 earnings per share. HF Sinclair's quarterly revenue was down 9.3% on a year-over-year basis. On average, equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.44%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -259.74%.

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.

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