HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $51.45.

A number of equities research analysts recently weighed in on the company. UBS Group lowered their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Wells Fargo & Company lowered 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. Piper Sandler decreased their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Morgan Stanley dropped their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Scotiabank reduced their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th.

Insider Buying and Selling

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the purchase, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last quarter, insiders acquired 17,000 shares of company stock valued at $628,370. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

Large investors have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in HF Sinclair by 399.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 58,259 shares of the company’s stock valued at $3,108,000 after purchasing an additional 46,586 shares in the last quarter. Blue Trust Inc. increased its position in shares of HF Sinclair by 42.5% during the second quarter. Blue Trust Inc. now owns 3,092 shares of the company’s stock worth $165,000 after acquiring an additional 922 shares during the last quarter. Neo Ivy Capital Management acquired a new position in shares of HF Sinclair in the second quarter worth about $806,000. Fifth Third Bancorp boosted its holdings in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in HF Sinclair during the 2nd quarter valued at approximately $250,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.3 %

NYSE:DINO opened at $33.76 on Monday. HF Sinclair has a 1 year low of $33.51 and a 1 year high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a fifty day moving average price of $40.82 and a two-hundred day moving average price of $45.90. The stock has a market capitalization of $6.35 billion, a price-to-earnings ratio of 20.84 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter last year, the firm posted $4.06 EPS. The business’s revenue was down 19.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that HF Sinclair will post 2.27 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, December 4th. Stockholders of record on Thursday, November 21st were issued a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.92%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

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.