HF Sinclair Corporation (NYSE:DINO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of HF Sinclair Corporation (NYSE:DINO) have been given a consensus recommendation of “Moderate Buy” by the sixteen ratings firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $94.25.

A number of equities analysts have recently commented on the stock. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 1st. Raymond James Financial upped their price objective on shares of HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a report on Monday, September 14th. Mizuho raised their target price on shares of HF Sinclair from $79.00 to $85.00 and gave the company a “neutral” rating in a research note on Tuesday, August 4th. Morgan Stanley lifted their target price on shares of HF Sinclair from $78.00 to $127.00 and gave the stock an “overweight” rating in a report on Monday, September 14th. Finally, Barclays boosted their target price on shares of HF Sinclair from $81.00 to $86.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 29th.

HF Sinclair Stock Performance

DINO opened at $112.58 on Friday. The company has a market cap of $20.01 billion, a PE ratio of 10.74 and a beta of 0.72. The stock has a 50-day moving average of $99.24 and a 200-day moving average of $79.25. HF Sinclair has a 52-week low of $45.71 and a 52-week high of $118.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm’s revenue for the quarter was up 53.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.10 EPS. As a group, equities research analysts forecast that HF Sinclair will post 17.51 earnings per share for the current fiscal year.

HF Sinclair Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were paid a $0.5250 dividend. The ex-dividend date was Tuesday, August 11th. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. HF Sinclair’s dividend payout ratio is presently 20.04%.

Insider Buying and Selling at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DINO. Clearstead Trust LLC acquired a new stake in shares of HF Sinclair in the second quarter worth $33,000. REAP Financial Group LLC bought a new position in HF Sinclair during the fourth quarter worth $29,000. Fairway Wealth LLC acquired a new position in HF Sinclair during the 1st quarter valued at $41,000. Nalls Sherbakoff Group LLC acquired a new position in HF Sinclair during the 4th quarter valued at $36,000. Finally, Main Street Group LTD bought a new stake in HF Sinclair in the 1st quarter valued at $54,000. 88.29% of the stock is owned by institutional investors.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.