Analysts Set HF Sinclair Co. (NYSE:DINO) PT at $47.00

Shares of HF Sinclair Co. (NYSE:DINO) have earned an average rating of “Hold” from the twelve research firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $47.00.

DINO has been the topic of several research analyst reports. Morgan Stanley cut their price target on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Barclays cut their price target on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. Finally, TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th.

HF Sinclair Price Performance

Shares of DINO stock opened at $33.24 on Wednesday. The firm’s 50 day moving average is $34.90 and its 200-day moving average is $38.57. HF Sinclair has a 1 year low of $29.85 and a 1 year high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $6.26 billion, a price-to-earnings ratio of 40.54 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Sell-side analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s payout ratio is presently 243.90%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the purchase, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by company insiders.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans lifted its holdings in shares of HF Sinclair by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company’s stock worth $1,711,000 after acquiring an additional 1,890 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of HF Sinclair by 42.8% during the third quarter. Advisors Asset Management Inc. now owns 31,171 shares of the company’s stock worth $1,389,000 after buying an additional 9,346 shares during the last quarter. Citigroup Inc. increased its holdings in shares of HF Sinclair by 25.1% during the third quarter. Citigroup Inc. now owns 200,882 shares of the company’s stock worth $8,953,000 after buying an additional 40,341 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of HF Sinclair by 53.4% in the 3rd quarter. Cerity Partners LLC now owns 31,551 shares of the company’s stock valued at $1,406,000 after acquiring an additional 10,988 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its holdings in shares of HF Sinclair by 7.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,100 shares of the company’s stock valued at $539,000 after acquiring an additional 800 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

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.