Analysts Set HF Sinclair Co. (NYSE:DINO) Price Target at $62.67

Shares of HF Sinclair Co. (NYSE:DINO) have been given an average rating of “Moderate Buy” by the fourteen analysts that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $62.67.

DINO has been the topic of several research reports. Wolfe Research began coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Barclays decreased their price objective on HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Mizuho cut their target price on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Finally, Wells Fargo & Company decreased their price target on shares of HF Sinclair from $75.00 to $61.00 and set an “overweight” rating for the company in a research note on Friday, July 12th.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 6,500 shares of HF Sinclair stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the acquisition, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently added to or reduced their stakes in the business. Unison Advisors LLC raised its position in shares of HF Sinclair by 0.8% in the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after purchasing an additional 179 shares during the period. Capital Advisors Wealth Management LLC grew its stake in HF Sinclair by 2.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after buying an additional 190 shares during the last quarter. King Luther Capital Management Corp raised its holdings in HF Sinclair by 0.3% in the 4th quarter. King Luther Capital Management Corp now owns 64,018 shares of the company’s stock valued at $3,557,000 after acquiring an additional 194 shares during the period. Poehling Capital Management INC. lifted its position in HF Sinclair by 0.3% during the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after acquiring an additional 203 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of HF Sinclair by 30.9% during the fourth quarter. Blue Trust Inc. now owns 950 shares of the company’s stock worth $54,000 after acquiring an additional 224 shares during the period. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 0.8 %

NYSE DINO opened at $47.93 on Friday. HF Sinclair has a one year low of $47.09 and a one year high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. The firm has a market cap of $9.21 billion, a P/E ratio of 5.93 and a beta of 1.20. The stock’s 50-day moving average is $52.76 and its 200-day moving average is $55.78.

HF Sinclair (NYSE:DINO) last announced its earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.55 by $0.16. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the company posted $2.00 EPS. Sell-side analysts anticipate that HF Sinclair will post 4.63 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 paid 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 4.17%. HF Sinclair’s dividend payout ratio is presently 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.