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

HF Sinclair Co. (NYSE:DINO) has received a consensus recommendation of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $44.50.

A number of research firms have issued reports on DINO. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Wells Fargo & Company increased their price target on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, March 21st. Scotiabank dropped their price objective on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a report on Friday, April 11th. Barclays reduced their target price on HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Morgan Stanley dropped their price target on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price 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. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Sugar Maple Asset Management LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at about $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in HF Sinclair during the 4th quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair during the 4th quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its position in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares during the period. Finally, Byrne Asset Management LLC bought a new stake in shares of HF Sinclair in the 1st quarter valued at $35,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

HF Sinclair stock opened at $30.58 on Friday. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 37.29 and a beta of 1.00. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $58.73. The stock’s 50 day moving average is $31.77 and its 200-day moving average is $36.46.

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

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.54%. The ex-dividend date was Thursday, March 6th. HF Sinclair’s dividend payout ratio (DPR) 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.