HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of “Hold” from Brokerages

HF Sinclair Co. (NYSE:DINO) has been given a consensus rating of “Hold” by the thirteen research firms that are currently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $51.00.

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

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, with a total value of $265,720.00. Following the acquisition, 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 17,635 shares of company stock worth $632,860 in the last 90 days. 0.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair in the third quarter worth approximately $27,000. Sugar Maple Asset Management LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair in the 4th quarter worth $31,000. Lee Danner & Bass Inc. purchased a new stake in HF Sinclair in the 4th quarter worth $32,000. Finally, EverSource Wealth Advisors LLC raised its holdings in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Down 1.9 %

NYSE:DINO opened at $31.16 on Friday. 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 firm has a market cap of $5.87 billion, a P/E ratio of 37.99 and a beta of 1.22. HF Sinclair has a fifty-two week low of $29.85 and a fifty-two week high of $64.16. The firm has a 50-day simple moving average of $35.94 and a two-hundred day simple moving average of $40.53.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

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

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.