HF Sinclair Co. (NYSE:DINO) Given Consensus Rating of “Moderate Buy” by Brokerages

HF Sinclair Co. (NYSE:DINO) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $64.75.

Several equities research analysts recently issued reports on DINO shares. Wells Fargo & Company dropped their target price on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, June 6th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their target price for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Piper Sandler dropped their price target on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Finally, Scotiabank lifted their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers purchased 6,500 shares of HF Sinclair stock in a transaction on Monday, May 20th. The shares were bought at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.28% of the stock is currently owned by insiders.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. grew its stake in shares of HF Sinclair by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after buying an additional 696,031 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of HF Sinclair by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock worth $297,027,000 after buying an additional 98,477 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of HF Sinclair by 55.0% in the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after buying an additional 1,656,704 shares in the last quarter. Deutsche Bank AG grew its stake in shares of HF Sinclair by 13.8% in the 3rd quarter. Deutsche Bank AG now owns 1,709,684 shares of the company’s stock worth $97,332,000 after buying an additional 207,014 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of HF Sinclair by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock worth $80,908,000 after buying an additional 17,934 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Up 1.2 %

NYSE:DINO opened at $53.34 on Monday. The company’s 50 day moving average price is $54.95 and its 200-day moving average price is $56.54. HF Sinclair has a 52 week low of $43.29 and a 52 week high of $64.16. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 6.60 and a beta of 1.25.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the prior year, the company posted $2.00 earnings per share. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. On average, equities research analysts forecast that HF Sinclair will post 5.64 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. HF Sinclair’s payout ratio is 24.75%.

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.