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

Shares of HF Sinclair Co. (NYSE:DINO) have earned an average rating of “Moderate Buy” from the twelve research firms that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $43.70.

A number of brokerages have weighed in on DINO. Piper Sandler decreased their target price on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday, May 2nd. Morgan Stanley decreased their target price on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, April 24th. Barclays boosted their target price on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 11th. Finally, TD Cowen boosted their target price on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research note on Friday, May 2nd.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $39.08 on Monday. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $54.48. The firm has a market cap of $7.36 billion, a P/E ratio of 47.66 and a beta of 0.90. The company has a 50 day moving average of $33.28 and a 200 day moving average of $34.52. 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 announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. As a group, research analysts expect that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were paid a $0.50 dividend. The ex-dividend date was Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.12%. HF Sinclair’s dividend payout ratio (DPR) is -259.74%.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the stock. Southeastern Asset Management Inc. TN bought a new position in HF Sinclair in the 4th quarter worth $96,344,000. AQR Capital Management LLC boosted its holdings in HF Sinclair by 109.8% in the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after buying an additional 2,609,857 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in HF Sinclair by 1,633.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after buying an additional 1,597,152 shares during the period. Balyasny Asset Management L.P. boosted its holdings in HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after buying an additional 1,593,875 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after buying an additional 1,337,093 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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.