HF Sinclair Corporation (NYSE:DINO) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• HF Sinclair Corporation (NYSE:DINO) is rated as a "Moderate Buy" by twelve brokerages, with a target price averaging $52.55.
• Insider trading shows EVP Valerie Pompa sold 11,000 shares for around $467,830, decreasing her ownership by 21.74%.
• The company recently declared a quarterly dividend of $0.50 per share, representing a 3.8% yield.

HF Sinclair Corporation (NYSE:DINO - Get Free Report) has been given an average recommendation of "Moderate Buy" by the twelve brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $52.5455.

A number of research firms have weighed in on DINO. Morgan Stanley raised their price target on HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Piper Sandler raised their target price on HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Mizuho boosted their target price on HF Sinclair from $52.00 to $60.00 and gave the stock an "outperform" rating in a research note on Monday. TD Cowen increased their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Finally, Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th.

Insiders Place Their Bets

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the sale, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Kiker Wealth Management LLC purchased a new stake in HF Sinclair in the second quarter valued at approximately $32,000. Johnson Financial Group Inc. acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $33,000. West Oak Capital LLC purchased a new stake in HF Sinclair in the 2nd quarter valued at $38,000. State of Wyoming acquired a new stake in HF Sinclair during the 2nd quarter worth $41,000. Finally, Byrne Asset Management LLC acquired a new stake in HF Sinclair during the 1st quarter worth $35,000. Hedge funds and other institutional investors own 88.29% of the company's stock.

HF Sinclair Trading Up 2.0%

NYSE DINO opened at $52.66 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $53.33. The stock has a market capitalization of $9.85 billion, a PE ratio of -114.48 and a beta of 1.07. The firm has a 50 day moving average of $46.73 and a two-hundred day moving average of $38.75.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company's revenue was down 13.5% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. As a group, research analysts expect that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is currently -434.78%.

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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