HF Sinclair Co. (NYSE:DINO – Get Free Report) has been given an average rating of “Moderate Buy” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $62.80.
A number of equities research analysts have issued reports on DINO shares. BMO Capital Markets began coverage on shares of HF Sinclair in a research report on Thursday, October 5th. They issued an “outperform” rating and a $65.00 price objective for the company. JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $62.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, October 5th. Mizuho dropped their price objective on shares of HF Sinclair from $72.00 to $64.00 and set a “neutral” rating for the company in a report on Friday, October 6th. Piper Sandler decreased their price objective on shares of HF Sinclair from $73.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday, October 9th. Finally, Morgan Stanley reduced their price target on shares of HF Sinclair from $70.00 to $65.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 17th.
HF Sinclair Price Performance
HF Sinclair (NYSE:DINO – Get Free Report) last posted its earnings results on Thursday, November 2nd. The company reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.65 by $0.41. HF Sinclair had a net margin of 6.73% and a return on equity of 21.92%. The company had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.18 billion. Equities research analysts anticipate that HF Sinclair will post 9.39 earnings per share for the current fiscal year.
HF Sinclair Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Thursday, November 16th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.80 dividend on an annualized basis and a yield of 3.16%. HF Sinclair’s dividend payout ratio (DPR) is 15.57%.
Insider Activity at HF Sinclair
In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, December 5th. The shares were bought at an average price of $54.79 per share, for a total transaction of $273,950.00. Following the completion of the transaction, the director now directly owns 127,613 shares in the company, valued at $6,991,916.27. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction on Tuesday, December 5th. The stock was acquired at an average cost of $54.79 per share, with a total value of $273,950.00. Following the completion of the acquisition, the director now owns 127,613 shares in the company, valued at $6,991,916.27. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vaishali S. Bhatia sold 18,465 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $54.24, for a total transaction of $1,001,541.60. Following the sale, the executive vice president now directly owns 51,924 shares of the company’s stock, valued at $2,816,357.76. The disclosure for this sale can be found here. 0.26% of the stock is owned by insiders.
Institutional Trading of HF Sinclair
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. North Star Investment Management Corp. increased its holdings in HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after buying an additional 549 shares during the last quarter. Parkside Financial Bank & Trust purchased a new stake in HF Sinclair during the first quarter valued at approximately $36,000. Baystate Wealth Management LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth $37,000. Ronald Blue Trust Inc. increased its stake in shares of HF Sinclair by 200.0% in the third quarter. Ronald Blue Trust Inc. now owns 726 shares of the company’s stock worth $41,000 after purchasing an additional 484 shares in the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of HF Sinclair in the second quarter worth $44,000. 89.15% of the stock is owned by hedge funds and other institutional investors.
About HF Sinclair
HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.
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