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

Shares of HF Sinclair Corporation (NYSE:DINO) have been given an average 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 issued a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $87.25.

Several equities research analysts recently issued reports on DINO shares. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price target on shares of HF Sinclair in a report on Wednesday, July 29th. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Evercore started coverage on shares of HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 price objective for the company. Finally, TD Cowen raised their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st.

HF Sinclair Stock Performance

NYSE:DINO opened at $108.41 on Wednesday. The stock has a 50-day simple moving average of $89.83 and a two-hundred day simple moving average of $72.55. HF Sinclair has a 52-week low of $45.71 and a 52-week high of $109.86. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The firm has a market capitalization of $19.27 billion, a PE ratio of 10.34 and a beta of 0.71.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter last year, the company earned $1.10 earnings per share. The business’s revenue for the quarter was up 53.2% compared to the same quarter last year. Analysts forecast that HF Sinclair will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date was Tuesday, August 11th. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.

Insider Transactions at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value 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 $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Rhoman J. Hardy bought 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. This represents a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.26% of the stock is owned by company insiders.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in HF Sinclair in the 2nd quarter worth approximately $1,291,602,000. California State Teachers Retirement System raised its position in shares of HF Sinclair by 6,576.6% during the second quarter. California State Teachers Retirement System now owns 12,375,830 shares of the company’s stock valued at $861,977,000 after buying an additional 12,190,470 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of HF Sinclair by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after buying an additional 103,135 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after buying an additional 48,103 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of HF Sinclair by 0.4% in the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after buying an additional 22,150 shares in the last quarter. Institutional investors 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.