Analysts Set HF Sinclair Co. (NYSE:DINO) PT at $64.75

HF Sinclair Co. (NYSE:DINO) has received a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $64.75.

Several equities analysts have issued reports on DINO shares. Scotiabank boosted their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a “sector outperform” rating in a research note on Thursday, April 11th. Mizuho dropped their price objective on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Wells Fargo & Company dropped their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Piper Sandler dropped their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, June 14th. Finally, Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $62.00 to $78.00 in a research report on Friday, March 15th.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $53.35 on Monday. The firm’s fifty day simple moving average is $55.17 and its 200-day simple moving average is $56.52. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 6.59 and a beta of 1.25. HF Sinclair has a 12 month low of $42.34 and a 12 month high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. HF Sinclair’s revenue was down 7.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 EPS. As a group, equities analysts forecast that HF Sinclair will post 5.68 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a $0.50 dividend. The ex-dividend date was Tuesday, May 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. HF Sinclair’s dividend payout ratio is presently 24.75%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the transaction, the director now directly owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC acquired a new position in shares of HF Sinclair in the 1st quarter valued at $26,000. Riverview Trust Co acquired a new position in HF Sinclair in the first quarter valued at $31,000. Principal Securities Inc. purchased a new stake in HF Sinclair during the fourth quarter valued at about $30,000. North Star Investment Management Corp. increased its stake in HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares during the last quarter. Finally, Pingora Partners LLC purchased a new position in shares of HF Sinclair in the 4th quarter worth about $35,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

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.