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

Shares of HF Sinclair Co. (NYSE:DINO) have been given a consensus rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the company, Marketbeat reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $54.27.

A number of research analysts have recently commented on the company. Wells Fargo & Company lowered their target price on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Barclays lowered their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, November 11th. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. BMO Capital Markets lowered their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Finally, Scotiabank lowered their price target on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th.

HF Sinclair Stock Down 1.9 %

NYSE DINO opened at $40.98 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market capitalization of $7.71 billion, a P/E ratio of 25.30 and a beta of 1.18. HF Sinclair has a one year low of $38.25 and a one year high of $64.16. The stock has a 50 day moving average price of $43.37 and a 200-day moving average price of $48.01.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.06 EPS. As a group, equities analysts predict that HF Sinclair will post 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.88%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now directly owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently made changes to their positions in the company. Matrix Trust Co raised 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 acquiring an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair in the third quarter valued at about $27,000. Innealta Capital LLC bought a new position in HF Sinclair in the second quarter worth about $34,000. Massmutual Trust Co. FSB ADV raised its holdings in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new position in HF Sinclair in the third quarter worth about $50,000. 88.29% of the stock is currently owned by institutional investors.

About HF Sinclair

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.