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

by · The Markets Daily

HF Sinclair Co. (NYSE:DINO – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the ten analysts that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $62.09.

Several research firms have recently issued reports on DINO. Mizuho dropped their price target on shares of HF Sinclair from $72.00 to $64.00 and set a “neutral” rating for the company in a research note on Friday, October 6th. Morgan Stanley lowered their target price on shares of HF Sinclair from $70.00 to $65.00 and set an “overweight” rating for the company in a research note on Tuesday, October 17th. UBS Group lifted their price target on shares of HF Sinclair from $62.00 to $64.00 and gave the company a “neutral” rating in a research note on Monday, December 4th. JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $62.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, October 5th. Finally, Wells Fargo & Company decreased their price target on shares of HF Sinclair from $68.00 to $67.00 in a research note on Monday, October 9th.

Get Our Latest Stock Analysis on DINO

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $53.60 on Monday. HF Sinclair has a fifty-two week low of $37.12 and a fifty-two week high of $62.20. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.13 and a quick ratio of 1.23. The firm has a market capitalization of $9.63 billion, a P/E ratio of 4.64, a P/E/G ratio of 1.10 and a beta of 1.28. The company’s 50 day moving average price is $54.69 and its two-hundred day moving average price is $53.76.

HF Sinclair (NYSE:DINO – Get Free Report) last issued its earnings results on Thursday, November 2nd. The company reported $4.06 earnings per share for the quarter, beating 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 firm had revenue of $8.91 billion for the quarter, compared to analyst estimates of $8.18 billion. On average, equities analysts forecast that HF Sinclair will post 9.81 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Thursday, November 16th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend was Wednesday, November 15th. HF Sinclair’s dividend payout ratio is currently 15.57%.

Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction dated Tuesday, December 5th. The stock was purchased at an average cost of $54.79 per share, for a total transaction of $273,950.00. Following the completion of the acquisition, the director now directly owns 127,613 shares of the company’s stock, valued at $6,991,916.27. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were acquired at an average cost of $54.79 per share, for a total transaction 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vaishali S. Bhatia sold 18,465 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $54.24, for a total transaction of $1,001,541.60. Following the transaction, the executive vice president now owns 51,924 shares in the company, valued at $2,816,357.76. The disclosure for this sale can be found here. Corporate insiders own 0.35% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisors LLC purchased a new position in HF Sinclair in the fourth quarter valued at about $562,000. FCF Advisors LLC purchased a new position in HF Sinclair in the fourth quarter valued at about $735,000. Public Employees Retirement System of Ohio boosted its stake in HF Sinclair by 1.9% in the third quarter. Public Employees Retirement System of Ohio now owns 92,408 shares of the company’s stock valued at $5,261,000 after acquiring an additional 1,739 shares during the last quarter. Vanguard Group Inc. boosted its stake in HF Sinclair by 5.5% in the third quarter. Vanguard Group Inc. now owns 16,665,477 shares of the company’s stock valued at $948,766,000 after acquiring an additional 869,429 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in HF Sinclair by 82.0% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 47,188 shares of the company’s stock valued at $2,686,000 after acquiring an additional 21,259 shares during the last quarter. 89.15% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

(Get Free Report

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.

Further Reading