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

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 thirteen ratings firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $53.25.

DINO has been the topic of a number of research reports. Barclays raised their price target on HF Sinclair from $32.00 to $43.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 9th. UBS Group raised their price target on HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a report on Tuesday, August 26th. Piper Sandler raised their price target on HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a report on Thursday, September 11th. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Finally, Mizuho raised their price target on HF Sinclair from $52.00 to $60.00 and gave the stock an "outperform" rating in a report on Monday, September 15th.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. raised its position in shares of HF Sinclair by 38.1% during the 2nd quarter. Osaic Holdings Inc. now owns 37,446 shares of the company's stock worth $1,471,000 after purchasing an additional 10,330 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of HF Sinclair by 87.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 70,892 shares of the company's stock worth $2,913,000 after purchasing an additional 33,100 shares during the last quarter. Advisory Services Network LLC raised its position in shares of HF Sinclair by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 31,758 shares of the company's stock worth $1,395,000 after purchasing an additional 640 shares during the last quarter. State of Wyoming acquired a new position in shares of HF Sinclair during the 2nd quarter worth approximately $41,000. Finally, Delos Wealth Advisors LLC acquired a new position in shares of HF Sinclair during the 2nd quarter worth approximately $70,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Down 1.2%

HF Sinclair stock traded down $0.63 during midday trading on Wednesday, reaching $52.48. The company's stock had a trading volume of 4,148,745 shares, compared to its average volume of 2,270,161. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $53.33. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.82 billion, a P/E ratio of -114.09 and a beta of 1.07. The business has a 50-day simple moving average of $47.18 and a 200-day simple moving average of $39.12.

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

HF Sinclair Dividend Announcement

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