Analysts Set HF Sinclair Corporation (NYSE:DINO) Price Target at $58.73

HF Sinclair Corporation (NYSE:DINO) has been given an average recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $58.7273.

Several equities analysts recently issued reports on the stock. Morgan Stanley set a $57.00 price target on shares of HF Sinclair in a report on Thursday, February 19th. Scotiabank cut shares of HF Sinclair from a “sector outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $62.00 to $53.00 in a research note on Wednesday, February 18th. Piper Sandler dropped their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Finally, Barclays reduced their target price on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th.

Institutional Trading of HF Sinclair

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC acquired a new position in HF Sinclair during the 4th quarter worth about $26,000. Quent Capital LLC acquired a new stake in HF Sinclair in the 3rd quarter valued at about $28,000. REAP Financial Group LLC acquired a new stake in HF Sinclair in the 4th quarter valued at about $29,000. Johnson Financial Group Inc. bought a new position in shares of HF Sinclair in the second quarter worth about $33,000. Finally, Nalls Sherbakoff Group LLC bought a new position in shares of HF Sinclair in the fourth quarter worth about $36,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of NYSE:DINO opened at $55.76 on Wednesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The business’s fifty day moving average price is $52.72 and its two-hundred day moving average price is $51.94. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $59.33. The stock has a market capitalization of $10.05 billion, a price-to-earnings ratio of 18.16 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The company had revenue of $6.46 billion during the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the business earned ($1.02) earnings per share. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts predict that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.6%. HF Sinclair’s payout ratio is presently 65.15%.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.