Brokerages Set HF Sinclair Co. (NYSE:DINO) Target Price at $51.45

Shares of HF Sinclair Co. (NYSE:DINO - Get Free Report) have received an average rating of "Hold" from the thirteen research firms that are presently covering the company, 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 1-year price objective among analysts that have issued ratings on the stock in the last year is $51.45.

A number of equities research analysts recently commented on DINO shares. UBS Group dropped their target price on HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research note on Wednesday, December 18th. Morgan Stanley reduced their target price on shares of HF Sinclair from $63.00 to $57.00 and set an "overweight" rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. Finally, Mizuho decreased their price objective on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday, December 16th.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was acquired 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 directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Atanas H. Atanasov purchased 7,000 shares of the firm's stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now owns 71,927 shares of the company's stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 17,000 shares of company stock valued at $628,370 over the last ninety days. Corporate insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC lifted its holdings in HF Sinclair by 11.1% during the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company's stock worth $101,000 after buying an additional 226 shares in the last quarter. Matrix Trust Co raised its stake in HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after buying an additional 317 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock worth $669,000 after buying an additional 367 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of HF Sinclair by 82.2% during the 3rd 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. Finally, Signaturefd LLC increased its holdings in shares of HF Sinclair by 10.1% in the 3rd quarter. Signaturefd LLC now owns 4,275 shares of the company's stock valued at $191,000 after acquiring an additional 392 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Stock Performance

Shares of NYSE DINO traded up $1.10 during midday trading on Friday, reaching $35.87. The company had a trading volume of 3,416,471 shares, compared to its average volume of 2,290,720. HF Sinclair has a 1 year low of $33.47 and a 1 year high of $64.16. The business's 50-day simple moving average is $38.44 and its 200 day simple moving average is $44.04. 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 cap of $6.75 billion, a P/E ratio of 22.14 and a beta of 1.22.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the business posted $4.06 EPS. On average, analysts forecast that HF Sinclair will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's payout ratio is presently 123.46%.

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.