HF Sinclair Co. (NYSE:DINO) Given Consensus Recommendation of “Moderate Buy” by Analysts

HF Sinclair Co. (NYSE:DINO) has received an average rating of “Moderate Buy” from the thirteen research firms that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $62.00.

DINO has been the subject of a number of analyst reports. Barclays upped their price target on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Piper Sandler decreased their target price on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research note on Friday, June 14th. JPMorgan Chase & Co. lifted their price target on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. UBS Group decreased their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research report on Tuesday, August 13th. Finally, Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating for the company.

HF Sinclair Stock Performance

Shares of DINO stock opened at $45.69 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The company has a market cap of $8.78 billion, a PE ratio of 5.65 and a beta of 1.18. The company’s fifty day simple moving average is $48.55 and its 200-day simple moving average is $53.96. HF Sinclair has a 52 week low of $44.09 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period last year, the company posted $2.60 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. As a group, equities research analysts anticipate that HF Sinclair will post 3.69 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after acquiring an additional 696,031 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares during the period. AQR Capital Management LLC grew its stake in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares during the last quarter. Finally, AustralianSuper Pty Ltd increased its position in HF Sinclair by 15.3% in the second quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock worth $80,131,000 after buying an additional 199,881 shares during the period. 88.29% of the stock is currently owned by 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.