HF Sinclair Co. (NYSE:DINO) Receives $59.33 Average Price Target from Brokerages

HF Sinclair Co. (NYSE:DINO – Get Rating) has been assigned a consensus rating of “Hold” from the twelve research firms that are covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $59.33.

A number of research analysts have recently commented on DINO shares. UBS Group initiated coverage on HF Sinclair in a report on Wednesday, March 8th. They issued a “neutral” rating and a $58.00 price objective on the stock. Piper Sandler dropped their price target on shares of HF Sinclair from $73.00 to $59.00 in a research note on Thursday, May 18th. Wells Fargo & Company upgraded shares of HF Sinclair from an “equal weight” rating to an “overweight” rating and set a $55.00 target price on the stock in a research report on Thursday, March 16th. Mizuho lowered their price target on shares of HF Sinclair from $69.00 to $56.00 in a research report on Friday, May 19th. Finally, TD Cowen cut their price target on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating for the company in a report on Friday, May 5th.

Insider Activity

In other news, major shareholder Carol Orme Holding sold 4,000,000 shares of HF Sinclair stock in a transaction on Thursday, March 30th. The stock was sold at an average price of $47.59, for a total transaction of $190,360,000.00. Following the completion of the sale, the insider now owns 34,853,483 shares of the company’s stock, valued at $1,658,677,255.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Carol Orme Holding sold 4,000,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $47.59, for a total value of $190,360,000.00. Following the sale, the insider now owns 34,853,483 shares in the company, valued at approximately $1,658,677,255.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Michael Jennings sold 50,000 shares of the stock in a transaction dated Wednesday, March 8th. The shares were sold at an average price of $51.06, for a total transaction of $2,553,000.00. Following the completion of the sale, the chief executive officer now owns 182,859 shares of the company’s stock, valued at approximately $9,336,780.54. The disclosure for this sale can be found here. 0.35% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently bought and sold shares of the stock. Red Tortoise LLC bought a new position in shares of HF Sinclair in the 4th quarter worth about $25,000. U.S. Capital Wealth Advisors LLC purchased a new stake in shares of HF Sinclair in the fourth quarter worth $26,000. Gladius Capital Management LP purchased a new stake in shares of HF Sinclair in the fourth quarter worth $33,000. Parkside Financial Bank & Trust purchased a new stake in shares of HF Sinclair in the first quarter worth $36,000. Finally, Lansing Street Advisors purchased a new stake in shares of HF Sinclair in the fourth quarter worth $46,000. 87.69% of the stock is currently owned by institutional investors.

HF Sinclair Trading Down 1.5 %

NYSE DINO opened at $42.84 on Friday. HF Sinclair has a one year low of $37.12 and a one year high of $66.19. The company’s 50-day simple moving average is $44.52 and its two-hundred day simple moving average is $50.99. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 2.94, a price-to-earnings-growth ratio of 2.98 and a beta of 1.42. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.00 and a current ratio of 2.10.

HF Sinclair (NYSE:DINO – Get Rating) last posted its quarterly earnings results on Thursday, May 4th. The company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.48 by $0.52. HF Sinclair had a net margin of 8.13% and a return on equity of 32.56%. The company had revenue of $7.57 billion for the quarter, compared to analyst estimates of $6.97 billion. During the same period in the prior year, the company earned $0.99 earnings per share. The firm’s revenue was up 1.4% on a year-over-year basis. Equities analysts forecast that HF Sinclair will post 7.67 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Thursday, May 18th will be paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Wednesday, May 17th. HF Sinclair’s payout ratio is presently 12.34%.

About HF Sinclair

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HF Sinclair Corp. is an independent energy company. It manufactures and sells products such as gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, and specialty and modified asphalt. The company operates through five segments: Refining, Marketing, Renewables, Lubricants and Specialty Products, and Midstream.