HF Sinclair Co. (NYSE:DINO) Receives $47.00 Average Price Target from Brokerages

Shares of HF Sinclair Co. (NYSE:DINO) have received a consensus recommendation of “Hold” from the twelve research firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $47.00.

DINO has been the subject of several research reports. Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. TD Cowen decreased their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Barclays cut their price target on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Finally, Mizuho reduced their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th.

HF Sinclair Stock Down 0.6 %

Shares of NYSE:DINO opened at $33.07 on Wednesday. The firm has a market capitalization of $6.23 billion, a PE ratio of 40.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair has a 52-week low of $29.85 and a 52-week high of $64.16. The firm has a fifty day moving average of $35.03 and a 200 day moving average of $38.74.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. As a group, research analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.05%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Activity

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DINO. Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair in the 4th quarter valued at approximately $96,344,000. Balyasny Asset Management L.P. lifted its position in HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock valued at $64,525,000 after buying an additional 1,593,875 shares during the period. Norges Bank bought a new stake in shares of HF Sinclair during the 4th quarter valued at $41,317,000. Thompson Siegel & Walmsley LLC grew its position in shares of HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after buying an additional 1,126,825 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after acquiring an additional 1,096,485 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors.

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.