HF Sinclair Co. (NYSE:DINO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have been assigned a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $65.42.

A number of equities research analysts have recently issued reports on DINO shares. Mizuho reduced their price objective on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating for the company in a report on Monday, April 15th. Scotiabank upped their price objective on HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a report on Thursday, April 11th. Wells Fargo & Company lifted their target price on HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Finally, TD Cowen raised their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd.

Insiders Place Their Bets

In other news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the sale, the director now directly owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the transaction, the executive vice president now directly owns 29,617 shares in the company, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Hedge funds have recently made changes to their positions in the business. Rise Advisors LLC purchased a new position in HF Sinclair in the first quarter valued at about $26,000. Principal Securities Inc. bought a new stake in shares of HF Sinclair in the fourth quarter valued at $30,000. North Star Investment Management Corp. lifted its position in shares of HF Sinclair by 4,990.9% during the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after buying an additional 549 shares during the last quarter. Riverview Trust Co bought a new position in shares of HF Sinclair during the 1st quarter worth $31,000. Finally, Pingora Partners LLC purchased a new stake in HF Sinclair in the 4th quarter worth about $35,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Stock Up 1.4 %

DINO stock opened at $57.73 on Friday. The business’s 50 day simple moving average is $58.36 and its 200 day simple moving average is $56.37. HF Sinclair has a 1-year low of $39.00 and a 1-year high of $64.16. The firm has a market capitalization of $11.38 billion, a PE ratio of 6.96 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. During the same period in the prior year, the firm earned $2.00 earnings per share. The company’s revenue was down 7.1% on a year-over-year basis. As a group, research analysts anticipate that HF Sinclair will post 6.55 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 3.46%. The ex-dividend date is Tuesday, May 21st. HF Sinclair’s payout ratio is currently 24.10%.

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.