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

Shares of HF Sinclair Co. (NYSE:DINO) have earned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $65.45.

A number of research firms have commented on DINO. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and upped their target price for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Barclays began coverage on shares of HF Sinclair in a report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price for the company. Piper Sandler raised their price target on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. UBS Group raised HF Sinclair from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $64.00 to $73.00 in a research note on Wednesday, February 14th. Finally, TD Cowen increased their target price on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research note on Thursday, February 22nd.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.26% of the stock is owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Gotham Asset Management LLC lifted its holdings in shares of HF Sinclair by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after purchasing an additional 7,547 shares during the last quarter. UBS Group AG lifted its stake in HF Sinclair by 26.2% in the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock valued at $23,551,000 after buying an additional 85,993 shares during the last quarter. Spirit of America Management Corp NY acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $1,093,000. Nordea Investment Management AB grew its position in shares of HF Sinclair by 127.9% during the fourth quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after acquiring an additional 19,595 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in shares of HF Sinclair in the 3rd quarter valued at $12,135,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Down 2.1 %

DINO stock opened at $61.09 on Wednesday. HF Sinclair has a one year low of $37.12 and a one year high of $64.16. The firm has a market cap of $12.04 billion, a PE ratio of 7.36 and a beta of 1.28. The firm’s 50 day moving average price is $58.92 and its 200-day moving average price is $56.12. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company’s revenue for the quarter was down 14.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.97 earnings per share. On average, equities research analysts anticipate that HF Sinclair will post 6.49 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.27%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Friday, February 23rd. HF Sinclair’s dividend payout ratio is presently 24.10%.

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.