HF Sinclair Corporation (NYSE:DINO) Receives $59.80 Consensus Price Target from Analysts

HF Sinclair Corporation (NYSE:DINO) has received a consensus rating of “Moderate Buy” from the thirteen analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $59.80.

Several brokerages recently issued reports on DINO. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Mizuho upped their target price on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. Barclays dropped their target price on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Morgan Stanley upped their price target on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Finally, UBS Group lifted their price objective on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th.

HF Sinclair Stock Down 1.3%

Shares of NYSE:DINO opened at $49.32 on Tuesday. The stock has a 50-day simple moving average of $49.52 and a 200-day simple moving average of $49.68. The stock has a market capitalization of $9.07 billion, a P/E ratio of 23.60 and a beta of 0.84. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $56.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the company posted $0.51 earnings per share. HF Sinclair’s revenue was up .6% compared to the same quarter last year. Equities analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s dividend payout ratio is presently 95.69%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC acquired a new stake in HF Sinclair during the 4th quarter valued at approximately $26,000. Quent Capital LLC acquired a new stake in shares of HF Sinclair during the third quarter worth approximately $28,000. Kiker Wealth Management LLC bought a new stake in shares of HF Sinclair in the second quarter worth $32,000. Johnson Financial Group Inc. acquired a new stake in HF Sinclair in the second quarter valued at $33,000. Finally, West Oak Capital LLC bought a new position in HF Sinclair during the 2nd quarter valued at $38,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.