HF Sinclair Co. (NYSE:DINO) Given Average Rating of “Moderate Buy” by Brokerages

HF Sinclair Co. (NYSE:DINO) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are covering the company, MarketBeat Ratings 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 target among brokers that have updated their coverage on the stock in the last year is $54.27.

Several research analysts recently weighed in on the company. Morgan Stanley cut their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. UBS Group dropped their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. BMO Capital Markets lowered their price target on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company dropped their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, October 9th. Finally, Mizuho decreased their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC raised its stake in shares of HF Sinclair by 11.1% in the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after acquiring an additional 226 shares in the last quarter. Empirical Finance LLC lifted its stake in shares of HF Sinclair by 1.2% during the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after purchasing an additional 228 shares during the period. Fifth Third Bancorp boosted its holdings in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after acquiring an additional 267 shares during the last quarter. Matrix Trust Co increased its holdings in HF Sinclair by 122.4% in the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Finally, iA Global Asset Management Inc. grew its holdings in HF Sinclair by 7.5% during the 2nd quarter. iA Global Asset Management Inc. now owns 4,882 shares of the company’s stock valued at $260,000 after purchasing an additional 342 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Price Performance

DINO opened at $42.22 on Thursday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair has a 12-month low of $38.25 and a 12-month high of $64.16. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 26.06 and a beta of 1.18. The stock’s 50-day moving average price is $43.58 and its 200 day moving average price is $48.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same quarter last year, the company posted $4.06 earnings per share. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. As a group, sell-side analysts expect that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.74%. The ex-dividend date of this dividend is Thursday, November 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 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.