HF Sinclair Co. (NYSE:DINO) Receives $47.00 Average Target Price from Analysts

HF Sinclair Co. (NYSE:DINO) has been given a consensus rating of “Hold” by the twelve research firms that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $47.00.

A number of research firms have recently commented on DINO. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. Barclays cut their price target on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research report on Friday, March 14th. Mizuho lowered their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Wells Fargo & Company upped their target price on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Finally, Morgan Stanley lowered their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sugar Maple Asset Management LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth approximately $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in HF Sinclair during the fourth quarter worth $31,000. Lee Danner & Bass Inc. purchased a new stake in HF Sinclair in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its stake in HF Sinclair by 53.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. Finally, Millburn Ridgefield Corp purchased a new position in HF Sinclair during the 3rd quarter worth $50,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE DINO opened at $33.24 on Wednesday. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of 40.54 and a beta of 1.13. HF Sinclair has a twelve month low of $29.85 and a twelve month high of $64.16. The stock has a fifty day simple moving average of $34.90 and a 200 day simple moving average of $38.57. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. Sell-side analysts expect that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is 243.90%.

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.