HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of HF Sinclair Co. (NYSE:DINO) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $55.82.

A number of research firms recently weighed in on DINO. BMO Capital Markets decreased their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Scotiabank decreased their target price 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. Wolfe Research began coverage on HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Barclays decreased their target price on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Morgan Stanley decreased 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.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Pallas Capital Advisors LLC bought a new position in shares of HF Sinclair in the third quarter valued at approximately $575,000. Nisa Investment Advisors LLC raised its stake in shares of HF Sinclair by 4.3% in the third quarter. Nisa Investment Advisors LLC now owns 148,675 shares of the company’s stock valued at $6,626,000 after acquiring an additional 6,090 shares during the last quarter. State of Alaska Department of Revenue raised its stake in shares of HF Sinclair by 13.2% in the third quarter. State of Alaska Department of Revenue now owns 21,716 shares of the company’s stock valued at $967,000 after acquiring an additional 2,535 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of HF Sinclair by 11.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,771 shares of the company’s stock valued at $4,564,000 after acquiring an additional 9,966 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of HF Sinclair by 6.1% in the third quarter. Louisiana State Employees Retirement System now owns 45,000 shares of the company’s stock valued at $2,006,000 after acquiring an additional 2,600 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.2 %

Shares of NYSE:DINO opened at $43.01 on Friday. The company has a market cap of $8.26 billion, a P/E ratio of 5.32 and a beta of 1.16. The stock’s 50-day moving average is $45.84 and its 200-day moving average is $50.50. HF Sinclair has a 52-week low of $42.42 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm’s revenue was up .2% compared to the same quarter last year. During the same period last year, the business posted $2.60 earnings per share. Equities research analysts predict that HF Sinclair will post 2.32 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is currently 24.75%.

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.