HF Sinclair Corporation (NYSE:DINO) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• HF Sinclair Corporation (NYSE:DINO) has received a consensus rating of "Moderate Buy" from twelve brokerages, with a price objective of approximately $49.91.
• Insider activity included EVP Valerie Pompa selling 11,000 shares of stock at an average price of $42.53, resulting in a 21.74% decrease in her ownership.
• The company recently reported $1.70 earnings per share, exceeding analysts' expectations, despite a 13.5% revenue decline year-over-year.

HF Sinclair Corporation (NYSE:DINO - Get Free Report) has earned a consensus rating of "Moderate Buy" from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $49.9091.

DINO has been the topic of several research reports. Scotiabank upped their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. UBS Group restated a "buy" rating and set a $51.00 price objective (up previously from $48.00) on shares of HF Sinclair in a research note on Monday, August 4th. Wall Street Zen raised shares of HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Mizuho raised their price objective on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a research note on Friday, August 8th. Finally, TD Cowen raised their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a "hold" rating in a research report on Friday, August 1st.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP grew its stake in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after purchasing an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company's stock valued at $255,764,000 after purchasing an additional 298,735 shares in the last quarter. AQR Capital Management LLC lifted its stake in HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after acquiring an additional 2,609,857 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of HF Sinclair by 1.0% during the second quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company's stock valued at $118,969,000 after purchasing an additional 27,548 shares in the last quarter. Finally, Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair in the 4th quarter worth approximately $96,344,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of DINO stock opened at $48.39 on Friday. The stock has a market cap of $9.05 billion, a P/E ratio of -105.20 and a beta of 0.97. The company has a fifty day moving average price of $43.70 and a two-hundred day moving average price of $37.06. HF Sinclair has a one year low of $24.66 and a one year high of $49.92. 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 (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. The company had revenue of $6.78 billion for the quarter, compared to analysts' expectations of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. HF Sinclair's quarterly revenue was down 13.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.78 EPS. As a group, equities analysts predict that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Thursday, August 21st will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. HF Sinclair's payout ratio is currently -434.78%.

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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