HF Sinclair Co. (NYSE:DINO) Receives Average Recommendation of “Hold” from Analysts

HF Sinclair Co. (NYSE:DINO) has earned a consensus rating of “Hold” from the thirteen brokerages that are presently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $51.45.

DINO has been the subject of several recent research reports. Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group decreased their price target on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. BMO Capital Markets dropped their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. JPMorgan Chase & Co. lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, Barclays cut their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 7,000 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the purchase, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 17,000 shares of company stock valued at $628,370 in the last three months. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

Institutional investors have recently added to or reduced their stakes in the stock. Matrix Trust Co increased its holdings in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the period. Capital Performance Advisors LLP acquired a new position in HF Sinclair in the 3rd quarter valued at $27,000. Innealta Capital LLC purchased a new position in HF Sinclair during the 2nd quarter worth $34,000. Massmutual Trust Co. FSB ADV lifted its stake in shares of HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares during the period. Finally, Millburn Ridgefield Corp purchased a new stake in shares of HF Sinclair in the third quarter valued at about $50,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO opened at $33.76 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. HF Sinclair has a fifty-two week low of $33.51 and a fifty-two week high of $64.16. The company has a market cap of $6.35 billion, a P/E ratio of 20.84 and a beta of 1.20. The firm’s 50 day moving average price is $40.82 and its 200 day moving average price is $45.90.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the firm earned $4.06 earnings per share. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year. On average, research analysts forecast that HF Sinclair will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.92%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is currently 123.46%.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.