Scotiabank Analysts Lower Earnings Estimates for HF Sinclair

HF Sinclair Co. (NYSE:DINO - Free Report) - Equities researchers at Scotiabank dropped their FY2024 earnings per share (EPS) estimates for shares of HF Sinclair in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst P. Cheng now forecasts that the company will post earnings of $2.40 per share for the year, down from their previous forecast of $3.10. Scotiabank has a "Sector Outperform" rating and a $57.00 price objective on the stock. The consensus estimate for HF Sinclair's current full-year earnings is $2.27 per share. Scotiabank also issued estimates for HF Sinclair's FY2025 earnings at $3.75 EPS.

Several other research firms also recently commented on DINO. JPMorgan Chase & Co. dropped their price objective on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Piper Sandler decreased their target price on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a report on Friday, September 20th. UBS Group reduced their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research report on Monday, November 4th. TD Cowen lowered their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Finally, BMO Capital Markets decreased their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $51.00.

HF Sinclair Trading Up 2.8 %

NYSE:DINO traded up $1.00 during trading hours on Monday, hitting $36.88. 4,538,236 shares of the company were exchanged, compared to its average volume of 2,611,791. The company has a fifty day simple moving average of $38.44 and a 200 day simple moving average of $43.91. HF Sinclair has a one year low of $33.47 and a one year high of $64.16. The stock has a market capitalization of $6.94 billion, a price-to-earnings ratio of 22.77 and a beta of 1.22. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analysts' expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. HF Sinclair's revenue was down 19.1% compared to the same quarter last year. During the same period in the prior year, the company earned $4.06 EPS.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.42%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's dividend payout ratio is currently 123.46%.

Insider Activity

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the business's stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares of the company's stock, valued at $5,631,556.68. This represents a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now owns 71,927 shares in the company, valued at approximately $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. Insiders have acquired a total of 17,000 shares of company stock valued at $628,370 over the last ninety days. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently modified their holdings of the stock. Matrix Trust Co raised its holdings in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after acquiring an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new position in shares of HF Sinclair in the 3rd quarter valued at about $27,000. Massmutual Trust Co. FSB ADV grew its position in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after acquiring an additional 370 shares in the last quarter. Millburn Ridgefield Corp bought a new stake in HF Sinclair during the third quarter worth approximately $50,000. Finally, Coastline Trust Co purchased a new stake in HF Sinclair during the third quarter valued at approximately $55,000. Institutional investors own 88.29% of the company's stock.

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.