Brokerages Set HF Sinclair Corporation (NYSE:DINO) PT at $59.80

Shares of HF Sinclair Corporation (NYSE:DINO) have received an average rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $59.80.

DINO has been the subject of a number of recent analyst reports. Piper Sandler decreased their price target on HF Sinclair from $68.00 to $67.00 and set an “overweight” rating for the company in a report on Friday, January 16th. Scotiabank reissued an “outperform” rating and set a $62.00 target price on shares of HF Sinclair in a research report on Friday, January 16th. Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday. Raymond James Financial reiterated a “strong-buy” rating and issued a $65.00 price target (up from $60.00) on shares of HF Sinclair in a research note on Friday, October 17th. Finally, Morgan Stanley boosted their price objective on shares of HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Encompass Capital Advisors LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at about $70,437,000. Invesco Ltd. lifted its stake in HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares during the last quarter. Engineers Gate Manager LP lifted its stake in HF Sinclair by 1,068.6% in the second quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock valued at $32,314,000 after buying an additional 719,292 shares during the last quarter. Merewether Investment Management LP acquired a new stake in shares of HF Sinclair in the third quarter valued at approximately $35,717,000. Finally, Norges Bank acquired a new stake in shares of HF Sinclair in the second quarter valued at approximately $25,531,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Down 1.0%

NYSE DINO opened at $49.54 on Tuesday. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $56.58. The firm has a 50 day moving average of $49.76 and a two-hundred day moving average of $49.55. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $9.11 billion, a PE ratio of 23.70 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.51 EPS. 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 declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. HF Sinclair’s payout ratio is 95.69%.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.