HF Sinclair Co. (NYSE:DINO) Receives $59.73 Average Target Price from Brokerages

HF Sinclair Co. (NYSE:DINO) has been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six 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 analysts that have updated their coverage on the stock in the last year is $57.82.

DINO has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday. Barclays upped their price target on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Wolfe Research initiated coverage on HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating for the company. BMO Capital Markets lowered their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday. Finally, UBS Group reduced their price target on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th.

HF Sinclair Price Performance

DINO opened at $46.74 on Wednesday. HF Sinclair has a 1 year low of $43.88 and a 1 year high of $64.16. The stock has a 50-day moving average price of $46.89 and a 200-day moving average price of $52.34. The firm has a market cap of $8.98 billion, a PE ratio of 5.78 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The business’s revenue was up .2% on a year-over-year basis. Sell-side analysts predict that HF Sinclair will post 2.84 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position 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 buying an additional 696,031 shares in the last quarter. Pacer Advisors Inc. increased its holdings in 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 acquiring an additional 2,868,273 shares in the last quarter. Dimensional Fund Advisors LP raised its stake 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 worth $306,665,000 after acquiring an additional 399,988 shares during the period. AQR Capital Management LLC lifted its holdings in HF Sinclair by 54.9% during the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in shares of 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 purchasing an additional 199,881 shares during the period. 88.29% of the stock is owned by institutional investors.

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.