Brokerages Set HF Sinclair Corporation (NYSE:DINO) Price Target at $69.91

Shares of HF Sinclair Corporation (NYSE:DINO) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $70.8182.

Several equities analysts have recently commented on DINO shares. The Goldman Sachs Group restated a “buy” rating and issued a $81.00 target price on shares of HF Sinclair in a research report on Wednesday, May 6th. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, April 27th. Piper Sandler dropped their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Mizuho restated a “neutral” rating and issued a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research report on Wednesday. Finally, Scotiabank boosted their target price on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a research report on Wednesday, April 22nd.

Insider Activity

In related news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. This represents a 13.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 13,101 shares of company stock worth $908,281. 0.26% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors have recently added to or reduced their stakes in DINO. CI Investments Inc. boosted its stake in shares of HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock valued at $59,000 after purchasing an additional 187 shares during the last quarter. Virtus Investment Advisers LLC boosted its stake in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after purchasing an additional 195 shares during the last quarter. D.A. Davidson & CO. boosted its stake in shares of HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after purchasing an additional 210 shares during the last quarter. Unison Advisors LLC boosted its stake in shares of HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after purchasing an additional 218 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in shares of HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after purchasing an additional 221 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $69.99 on Monday. HF Sinclair has a twelve month low of $35.10 and a twelve month high of $74.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The company has a 50-day simple moving average of $64.29 and a two-hundred day simple moving average of $56.23. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 10.52 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter in the previous year, the company earned ($0.27) EPS. The business’s revenue was up 11.8% on a year-over-year basis. Analysts forecast that HF Sinclair will post 8.7 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be given a $0.50 dividend. The ex-dividend date is Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.9%. HF Sinclair’s payout ratio is presently 30.08%.

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.