HF Sinclair Corporation (NYSE:DINO) Receives $81.25 Average Target Price from Analysts

Shares of HF Sinclair Corporation (NYSE:DINO) have been given an average rating of “Moderate Buy” by the sixteen ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $81.25.

DINO has been the subject of a number of research analyst reports. Barclays increased their price objective 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. Evercore initiated coverage on HF Sinclair in a research report on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price on the stock. TD Cowen upped their price target on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research note on Tuesday, July 21st. The Goldman Sachs Group restated a “buy” rating and set a $114.00 price target on shares of HF Sinclair in a research note on Wednesday, July 29th. Finally, Weiss Ratings upgraded HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th.

Insider Activity at HF Sinclair

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction dated 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 directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. The trade was a 13.88% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares in the company, valued at $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 22,672 shares of company stock worth $1,710,500 over the last ninety days. Company insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtus Investment Advisers LLC boosted its holdings in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after buying an additional 195 shares in the last quarter. D.A. Davidson & CO. raised its stake in HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after acquiring an additional 210 shares in the last quarter. Parallel Advisors LLC raised its stake in HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares in the last quarter. Blue Trust Inc. lifted its position in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after acquiring an additional 228 shares during the last quarter. Finally, Unison Advisors LLC lifted its position in HF Sinclair by 1.0% in the first quarter. Unison Advisors LLC now owns 23,549 shares of the company’s stock valued at $1,469,000 after acquiring an additional 234 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 2.7%

NYSE DINO opened at $87.90 on Friday. The firm’s 50-day moving average is $78.22 and its two-hundred day moving average is $66.64. HF Sinclair has a 12 month low of $43.97 and a 12 month high of $94.22. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The stock has a market capitalization of $15.63 billion, a P/E ratio of 8.39 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. HF Sinclair’s revenue was up 53.2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.10 earnings per share. On average, sell-side analysts anticipate that HF Sinclair will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 2nd. Investors of record on Tuesday, August 11th will be issued a dividend of $0.525 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a yield of 2.4%. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

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.