Analysts Set HF Sinclair Corporation (NYSE:DINO) Price Target at $58.55

Shares of HF Sinclair Corporation (NYSE:DINO) have received a consensus rating of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $58.7273.

A number of analysts have weighed in on DINO shares. UBS Group boosted their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday. TD Cowen raised their price objective on HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, August 1st. Piper Sandler boosted their price objective on HF Sinclair from $51.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Finally, The Goldman Sachs Group lifted their price target on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently modified their holdings of the business. Hara Capital LLC raised its holdings in HF Sinclair by 1,550.6% during the first quarter. Hara Capital LLC now owns 57,492 shares of the company’s stock worth $1,890,000 after buying an additional 54,009 shares during the last quarter. OMNI 360 Wealth Inc. bought a new stake in shares of HF Sinclair during the second quarter worth about $218,000. Twelve Points Wealth Management LLC increased its position in shares of HF Sinclair by 53.7% during the first quarter. Twelve Points Wealth Management LLC now owns 34,149 shares of the company’s stock worth $1,123,000 after acquiring an additional 11,928 shares in the last quarter. Level Four Advisory Services LLC raised its holdings in shares of HF Sinclair by 71.4% in the 1st quarter. Level Four Advisory Services LLC now owns 125,263 shares of the company’s stock worth $4,119,000 after acquiring an additional 52,182 shares during the last quarter. Finally, Russell Investments Group Ltd. lifted its position in HF Sinclair by 103.1% in the 1st quarter. Russell Investments Group Ltd. now owns 427,175 shares of the company’s stock valued at $14,046,000 after acquiring an additional 216,839 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Up 2.0%

Shares of NYSE DINO opened at $54.72 on Thursday. The company has a market cap of $10.07 billion, a price-to-earnings ratio of -118.96 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $55.63. The stock has a 50-day moving average price of $52.44 and a two-hundred day moving average price of $44.64.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 EPS. As a group, analysts forecast that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Wednesday, November 19th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.00 annualized dividend and a yield of 3.7%. HF Sinclair’s dividend payout ratio (DPR) is currently 95.69%.

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.