FY2024 EPS Estimates for HF Sinclair Lowered by Scotiabank

HF Sinclair Co. (NYSE:DINOFree Report) – Scotiabank lowered their FY2024 EPS estimates for HF Sinclair in a research report issued on Wednesday, January 8th. Scotiabank analyst P. Cheng now anticipates that the company will earn $2.40 per share for the year, down from their previous forecast of $3.10. Scotiabank currently has a “Sector Outperform” rating and a $57.00 target price on the stock. The consensus estimate for HF Sinclair’s current full-year earnings is $2.27 per share. Scotiabank also issued estimates for HF Sinclair’s FY2025 earnings at $3.75 EPS.

HF Sinclair (NYSE:DINOGet Free Report) last posted 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 net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the company posted $4.06 earnings per share. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year.

Other equities research analysts have also issued research reports about the company. BMO Capital Markets dropped their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Piper Sandler dropped their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Finally, Barclays dropped their target price on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $51.00.

View Our Latest Stock Analysis on HF Sinclair

HF Sinclair Stock Performance

DINO opened at $36.38 on Monday. The firm’s 50-day moving average price is $38.33 and its 200-day moving average price is $43.68. The company has a market cap of $6.84 billion, a P/E ratio of 22.46 and a beta of 1.22. HF Sinclair has a 52-week low of $33.47 and a 52-week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Matrix Trust Co raised its stake in HF Sinclair by 122.4% in the 3rd 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 last quarter. Capital Performance Advisors LLP acquired a new position in HF Sinclair in the 3rd quarter valued at $27,000. Massmutual Trust Co. FSB ADV raised its stake in HF Sinclair by 82.2% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after purchasing an additional 370 shares during the last quarter. Millburn Ridgefield Corp acquired a new position in HF Sinclair in the 3rd quarter valued at $50,000. Finally, Coastline Trust Co acquired a new position in HF Sinclair in the 3rd quarter valued at $55,000. 88.29% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other HF Sinclair news, CFO Atanas H. Atanasov bought 5,000 shares of the firm’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 17,000 shares of company stock worth $628,370 in the last quarter. Corporate insiders own 0.28% of the company’s stock.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.50%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

About HF Sinclair

(Get Free Report)

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.

Further Reading

Receive News & Ratings for HF Sinclair Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HF Sinclair and related companies with MarketBeat.com's FREE daily email newsletter.