HF Sinclair Co. (NYSE:DINO) Receives $65.45 Average Target Price from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have earned an average recommendation of “Moderate Buy” from the twelve brokerages that are covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $65.42.

A number of analysts recently weighed in on DINO shares. Barclays initiated coverage on shares of HF Sinclair in a report on Monday, February 26th. They set an “equal weight” rating and a $60.00 target price for the company. Scotiabank lifted their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. TD Cowen upped their target price on HF Sinclair from $50.00 to $52.00 and gave the company a “market perform” rating in a report on Thursday, February 22nd. UBS Group upgraded HF Sinclair from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $64.00 to $73.00 in a report on Wednesday, February 14th. Finally, Wells Fargo & Company raised their target price on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd.

HF Sinclair Stock Down 2.4 %

DINO opened at $57.52 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The company has a market capitalization of $11.34 billion, a PE ratio of 6.93 and a beta of 1.28. The stock’s fifty day moving average is $59.19 and its 200-day moving average is $56.19. HF Sinclair has a one year low of $37.12 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The firm had revenue of $7.66 billion for the quarter, compared to analysts’ expectations of $8.05 billion. During the same period in the previous year, the business earned $2.97 earnings per share. HF Sinclair’s revenue for the quarter was down 14.7% compared to the same quarter last year. On average, equities analysts predict that HF Sinclair will post 6.46 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a dividend of $0.50 per share. The ex-dividend date was Friday, February 23rd. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. This represents a $2.00 dividend on an annualized basis and a yield of 3.48%. HF Sinclair’s payout ratio is presently 24.10%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of HF Sinclair stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Manuel J. Fernandez sold 1,213 shares of HF Sinclair stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the sale, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC acquired a new position in shares of HF Sinclair during the 1st quarter worth $26,000. Riverview Trust Co acquired a new position in HF Sinclair during the first quarter worth $31,000. Principal Securities Inc. acquired a new position in HF Sinclair during the fourth quarter worth $30,000. North Star Investment Management Corp. raised its holdings in HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock valued at $31,000 after buying an additional 549 shares in the last quarter. Finally, Pingora Partners LLC acquired a new stake in shares of HF Sinclair in the fourth quarter worth about $35,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.