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

Key Points

• HF Sinclair Corporation (NYSE:DINO) has a consensus rating of "Moderate Buy" from analysts, with fourteen ratings firms providing insights, including one sell, six hold, five buy, and two strong buy recommendations.
• The average twelve-month price target for HF Sinclair among brokerages is $56.09, reflecting significant confidence from analysts despite a recent 13.5% decline in year-over-year revenue.
• The company declared a quarterly dividend of $0.50 per share, resulting in an annualized dividend of $2.00 and a dividend yield of 4.0%, although it has a negative dividend payout ratio of -434.78%.

Shares of HF Sinclair Corporation (NYSE:DINO - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the fourteen ratings firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $56.0909.

Several research analysts have weighed in on the company. The Goldman Sachs Group upped their target price on HF Sinclair from $54.00 to $61.00 and gave the stock a "buy" rating in a research report on Thursday, September 18th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Morgan Stanley upped their target price on HF Sinclair from $50.00 to $60.00 and gave the stock an "overweight" rating in a research report on Friday, October 3rd. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a research report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of HF Sinclair in a research report on Wednesday.

HF Sinclair Stock Performance

Shares of DINO stock opened at $50.57 on Friday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $54.73. The stock's 50-day moving average is $49.67 and its two-hundred day moving average is $41.23. The firm has a market cap of $9.46 billion, a P/E ratio of -109.93 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the firm posted $0.78 EPS. The business's revenue was down 13.5% compared to the same quarter last year. Analysts predict 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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Thursday, August 21st. HF Sinclair's dividend payout ratio is -434.78%.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the company's 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 completion of the sale, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.34% of the company's stock.

Institutional Trading of HF Sinclair

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of HF Sinclair by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after acquiring an additional 1,337,093 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of HF Sinclair by 5.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company's stock worth $255,764,000 after acquiring an additional 298,735 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock worth $163,951,000 after acquiring an additional 2,609,857 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HF Sinclair by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company's stock worth $118,969,000 after acquiring an additional 27,548 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of HF Sinclair by 1.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock worth $83,638,000 after acquiring an additional 36,592 shares in the last quarter. Institutional investors own 88.29% of the company's stock.

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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