HF Sinclair Co. (NYSE:DINO) Receives $53.45 Average Price Target from Brokerages

HF Sinclair Co. (NYSE:DINO) has been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $51.45.

Several brokerages recently issued reports on DINO. BMO Capital Markets reduced their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Barclays lowered their price target on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. UBS Group lowered their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Finally, TD Cowen cut their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Matrix Trust Co increased its position in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the third quarter valued at about $27,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair in the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV boosted its stake in HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in shares of HF Sinclair during the 3rd quarter valued at approximately $50,000. 88.29% of the stock is currently owned by institutional investors.

HF Sinclair Trading Down 3.0 %

NYSE DINO opened at $34.70 on Monday. The stock has a market cap of $6.53 billion, a P/E ratio of 21.42 and a beta of 1.20. HF Sinclair has a fifty-two week low of $34.58 and a fifty-two week high of $64.16. The stock has a 50 day simple moving average of $41.31 and a two-hundred day simple moving average of $46.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the business posted $4.06 earnings per share. The firm’s revenue for the quarter was down 19.1% compared to the same quarter last year. On average, analysts forecast that HF Sinclair will post 2.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

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

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.