HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of “Hold” from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the firm, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $51.45.

DINO has been the topic of several recent research reports. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. BMO Capital Markets cut their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. Piper Sandler decreased their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. UBS Group cut their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Finally, Scotiabank reduced their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th.

HF Sinclair Trading Up 1.1 %

NYSE DINO opened at $34.74 on Friday. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 21.44 and a beta of 1.22. HF Sinclair has a twelve month low of $33.47 and a twelve month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business’s fifty day moving average is $38.50 and its 200 day moving average is $44.17.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period last year, the company earned $4.06 earnings per share. As a group, sell-side analysts expect that HF Sinclair will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Insider Activity

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 17,000 shares of company stock worth $628,370 in the last quarter. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB grew its holdings in shares of HF Sinclair by 10.9% during the fourth quarter. Nordea Investment Management AB now owns 281,675 shares of the company’s stock valued at $9,828,000 after buying an additional 27,733 shares during the last quarter. JPMorgan Chase & Co. lifted its position in HF Sinclair by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after acquiring an additional 33,373 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in HF Sinclair in the 3rd quarter valued at about $134,000. World Investment Advisors LLC acquired a new position in HF Sinclair during the 3rd quarter valued at about $654,000. Finally, Pine Valley Investments Ltd Liability Co bought a new stake in HF Sinclair during the 3rd quarter worth approximately $5,927,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.