HF Sinclair Corporation (NYSE:DINO) Given Consensus Rating of “Moderate Buy” by Analysts

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

A number of equities analysts have issued reports on the company. UBS Group increased their price objective on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Piper Sandler cut their price objective on shares of HF Sinclair from $68.00 to $67.00 and set an “overweight” rating on the stock in a report on Friday, January 16th. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Finally, Wells Fargo & Company began coverage on HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price objective for the company.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of DINO. CI Investments Inc. boosted its stake in shares of HF Sinclair by 20.0% in the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares during the last quarter. Unison Advisors LLC raised its position in HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after acquiring an additional 218 shares during the period. AMG National Trust Bank grew its position in shares of HF Sinclair by 0.4% during the 3rd quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock valued at $2,737,000 after acquiring an additional 234 shares during the period. Nicollet Investment Management Inc. grew its holdings in HF Sinclair by 1.9% during the third quarter. Nicollet Investment Management Inc. now owns 13,299 shares of the company’s stock valued at $696,000 after purchasing an additional 250 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of HF Sinclair by 21.2% during the 3rd quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock valued at $74,000 after buying an additional 251 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $49.97 on Tuesday. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm’s fifty day simple moving average is $49.64 and its 200 day simple moving average is $49.62. The stock has a market cap of $9.19 billion, a P/E ratio of 23.91 and a beta of 0.84. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $56.58.

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

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were paid a $0.50 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a yield of 4.0%. HF Sinclair’s payout ratio is presently 95.69%.

About HF Sinclair

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.