HF Sinclair Co. (NYSE:DINO) Receives $65.45 Average Price Target from Brokerages

HF Sinclair Co. (NYSE:DINO - Get Free Report) has been given a consensus rating of "Moderate Buy" by the eleven ratings firms that are presently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $65.45.

Several brokerages recently weighed in on DINO. Wells Fargo & Company increased their price target on HF Sinclair from $64.00 to $67.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. UBS Group raised HF Sinclair from a "neutral" rating to a "buy" rating and increased their price target for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Mizuho increased their price target on HF Sinclair from $63.00 to $66.00 and gave the stock a "neutral" rating in a report on Friday, March 22nd. Bank of America raised HF Sinclair from a "neutral" rating to a "buy" rating and increased their price target for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Finally, Piper Sandler raised their target price on HF Sinclair from $67.00 to $70.00 and gave the company an "overweight" rating in a report on Friday, April 5th.

HF Sinclair Stock Performance

Shares of DINO traded down $0.26 during mid-day trading on Wednesday, reaching $60.81. 1,688,266 shares of the company's stock were exchanged, compared to its average volume of 2,242,605. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. The stock has a market capitalization of $11.99 billion, a PE ratio of 7.33 and a beta of 1.28. The business's fifty day simple moving average is $59.01 and its 200-day simple moving average is $56.15. HF Sinclair has a 52-week low of $37.12 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. During the same period last year, the company earned $2.97 earnings per share. The company's revenue for the quarter was down 14.7% on a year-over-year basis. On average, equities research analysts expect that HF Sinclair will post 6.46 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, February 23rd. This is an increase from HF Sinclair's previous quarterly dividend of $0.45. HF Sinclair's payout ratio is 24.10%.

Insider Transactions at HF Sinclair

In other news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares of the company's stock, valued at approximately $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now owns 9,828 shares of the company's stock, valued at approximately $600,490.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Franklin Myers purchased 4,180 shares of the business's stock in a transaction dated Monday, February 26th. The shares were purchased at an average cost of $58.94 per share, with a total value of $246,369.20. Following the purchase, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The disclosure for this purchase can be found here. Corporate insiders own 0.26% of the company's stock.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pitcairn Co. increased its position in HF Sinclair by 3.8% during the 4th quarter. Pitcairn Co. now owns 4,654 shares of the company's stock worth $259,000 after purchasing an additional 171 shares in the last quarter. King Luther Capital Management Corp increased its position in HF Sinclair by 0.3% during the 4th quarter. King Luther Capital Management Corp now owns 64,018 shares of the company's stock worth $3,557,000 after purchasing an additional 194 shares in the last quarter. Unison Advisors LLC increased its position in HF Sinclair by 1.0% during the 3rd quarter. Unison Advisors LLC now owns 21,135 shares of the company's stock worth $1,203,000 after purchasing an additional 210 shares in the last quarter. Stifel Financial Corp increased its position in HF Sinclair by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 27,530 shares of the company's stock worth $1,567,000 after purchasing an additional 217 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its position in HF Sinclair by 3.5% during the 4th quarter. Cetera Advisor Networks LLC now owns 6,517 shares of the company's stock worth $362,000 after purchasing an additional 221 shares in the last quarter. Hedge funds and other 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.