HF Sinclair (NYSE:DINO) Earns Hold Rating from Analysts at Evercore

Evercore initiated coverage on shares of HF Sinclair (NYSE:DINO) in a research note issued to investors on Friday, Marketbeat reports. The brokerage issued a hold rating and a $85.00 price target on the stock.

DINO has been the topic of several other reports. Wells Fargo & Company boosted their target price on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Tuesday, March 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research note on Wednesday, May 6th. TD Cowen lowered their price target on HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a report on Monday, June 29th. Barclays boosted their price target on HF Sinclair from $71.00 to $81.00 and gave the stock an “equal weight” rating in a research note on Monday, July 13th. Finally, Scotiabank upped their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $75.17.

HF Sinclair Price Performance

NYSE DINO opened at $88.56 on Friday. The firm’s fifty day simple moving average is $71.79 and its two-hundred day simple moving average is $61.63. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. HF Sinclair has a 12-month low of $42.16 and a 12-month high of $88.74. The firm has a market capitalization of $15.96 billion, a P/E ratio of 13.32 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the prior year, the firm posted ($0.27) earnings per share. The business’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts forecast that HF Sinclair will post 10.27 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is presently 30.08%.

Insider Buying and Selling

In related news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. The trade was a 5.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 13,736 shares of company stock worth $954,694 over the last three months. Corporate insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of DINO. Kingsview Wealth Management LLC boosted its stake in shares of HF Sinclair by 1,451.5% during the 4th quarter. Kingsview Wealth Management LLC now owns 61,345 shares of the company’s stock worth $2,827,000 after acquiring an additional 57,391 shares in the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of HF Sinclair in the 4th quarter valued at about $6,194,000. Hillsdale Investment Management Inc. increased its stake in shares of HF Sinclair by 317.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 84,000 shares of the company’s stock valued at $3,871,000 after purchasing an additional 63,900 shares in the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in HF Sinclair in the 4th quarter worth about $1,717,000. Finally, Prudential PLC acquired a new position in HF Sinclair in the 4th quarter worth about $5,505,000. 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.