HF Sinclair Co. (NYSE:DINO) Receives $51.00 Consensus Target Price from Brokerages

HF Sinclair Co. (NYSE:DINO) has been given an average rating of “Hold” by the thirteen analysts that are presently covering the company, MarketBeat reports. Seven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $51.00.

Several analysts have weighed in on DINO shares. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. TD Cowen lowered their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Mizuho reduced their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, Barclays dropped their price objective on HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th.

HF Sinclair Price Performance

DINO opened at $31.16 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $5.87 billion, a P/E ratio of 37.99 and a beta of 1.22. The stock has a 50-day moving average price of $35.94 and a 200-day moving average price of $40.53. HF Sinclair has a 12-month low of $29.85 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 6.42%. The ex-dividend date is Thursday, March 6th. HF Sinclair’s payout ratio is currently 243.90%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Atanas H. Atanasov bought 7,000 shares of the stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the purchase, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders purchased 17,635 shares of company stock valued at $632,860. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in HF Sinclair by 4.1% during the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after acquiring an additional 33,373 shares in the last quarter. Aigen Investment Management LP purchased a new position in shares of HF Sinclair during the third quarter valued at approximately $1,253,000. Merit Financial Group LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth approximately $263,000. Blue Trust Inc. grew its stake in shares of HF Sinclair by 57.9% in the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after buying an additional 2,655 shares during the last quarter. Finally, Pine Valley Investments Ltd Liability Co bought a new position in HF Sinclair during the 3rd quarter valued at approximately $5,927,000. 88.29% of the stock is owned by hedge funds and other 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.