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

HF Sinclair Corporation (NYSE:DINO) has been given an average rating of “Hold” by the sixteen ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $71.6364.

Several analysts have issued reports on DINO shares. TD Cowen boosted their price objective on HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Morgan Stanley boosted their price objective on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Barclays boosted their price objective on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Scotiabank boosted their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, UBS Group boosted their price objective on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th.

Insiders Place Their Bets

In other news, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the sale, the director directly owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This represents a 3.70% decrease 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 link. Also, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 13,736 shares of company stock valued at $954,694 over the last ninety days. Insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

A number of hedge funds have recently made changes to their positions in the stock. Kingsview Wealth Management LLC increased its holdings in HF Sinclair by 1,451.5% in the fourth quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after buying an additional 57,391 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in HF Sinclair in the fourth quarter worth approximately $6,194,000. Citigroup Inc. boosted its position in HF Sinclair by 41.4% during the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock worth $23,298,000 after purchasing an additional 130,338 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in HF Sinclair during the fourth quarter worth approximately $1,717,000. Finally, Dimensional Fund Advisors LP boosted its position in HF Sinclair by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after purchasing an additional 560,194 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

NYSE DINO opened at $65.69 on Friday. The stock’s 50-day moving average price is $67.16 and its two-hundred day moving average price is $58.10. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. The company has a market cap of $11.84 billion, a PE ratio of 9.88 and a beta of 0.72. HF Sinclair has a 1 year low of $40.09 and a 1 year high of $74.72.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.27) EPS. On average, analysts predict that HF Sinclair will post 8.9 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is 30.08%.

HF Sinclair Company Profile

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.