HF Sinclair Co. (NYSE:DINO) Receives $51.45 Consensus Price Target from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $51.00.

A number of brokerages have recently commented on DINO. UBS Group lowered their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. BMO Capital Markets lowered their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Scotiabank lowered their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Piper Sandler lowered their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. Finally, Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $53.00 to $45.00 in a report on Monday, December 9th.

HF Sinclair Stock Performance

Shares of DINO opened at $36.84 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.93 billion, a P/E ratio of 22.74 and a beta of 1.22. The company has a 50-day moving average of $38.23 and a two-hundred day moving average of $43.63. HF Sinclair has a 12-month low of $33.47 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.06 earnings per share. As a group, research analysts predict that HF Sinclair will post 2.05 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.43%. HF Sinclair’s payout ratio is currently 123.46%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the acquisition, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 17,000 shares of company stock valued at $628,370 over the last ninety days. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Several institutional investors have recently added to or reduced their stakes in the stock. Matrix Trust Co increased its stake in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in HF Sinclair during the third quarter valued at $27,000. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair during the fourth quarter valued at $27,000. Massmutual Trust Co. FSB ADV increased its stake in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its stake in HF Sinclair by 68.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after purchasing an additional 558 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

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.