HF Sinclair Co. (NYSE:DINO) Receives Average Rating of "Hold" from Brokerages

HF Sinclair Co. (NYSE:DINO - Get Free Report) has been assigned a consensus rating of "Hold" from the twelve analysts that are covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $47.00.

A number of equities research analysts have weighed in on the company. TD Cowen reduced their target price on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Barclays reduced their price objective on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Piper Sandler set a $46.00 target price on HF Sinclair in a research note on Friday, March 7th. Mizuho reduced their price target on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. Finally, Wells Fargo & Company upped their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st.

HF Sinclair Price Performance

NYSE DINO traded down $0.20 during midday trading on Wednesday, hitting $33.07. The company had a trading volume of 2,078,761 shares, compared to its average volume of 2,274,413. The company has a market capitalization of $6.23 billion, a PE ratio of 40.33 and a beta of 1.13. 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 has a twelve month low of $29.85 and a twelve month high of $64.16. The firm has a 50-day moving average price of $35.03 and a 200-day moving average price of $38.78.

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HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates 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 return on equity of 1.98% and a net margin of 0.62%. As a group, analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 6.05%. HF Sinclair's payout ratio is 243.90%.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.28% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thrivent Financial for Lutherans raised its holdings in shares of HF Sinclair by 5.2% in the third quarter. Thrivent Financial for Lutherans now owns 38,400 shares of the company's stock valued at $1,711,000 after purchasing an additional 1,890 shares during the last quarter. Advisors Asset Management Inc. grew its position in HF Sinclair by 42.8% in the 3rd quarter. Advisors Asset Management Inc. now owns 31,171 shares of the company's stock worth $1,389,000 after purchasing an additional 9,346 shares in the last quarter. Citigroup Inc. increased its stake in HF Sinclair by 25.1% in the 3rd quarter. Citigroup Inc. now owns 200,882 shares of the company's stock valued at $8,953,000 after buying an additional 40,341 shares during the last quarter. Cerity Partners LLC lifted its position in shares of HF Sinclair by 53.4% during the 3rd quarter. Cerity Partners LLC now owns 31,551 shares of the company's stock worth $1,406,000 after buying an additional 10,988 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in shares of HF Sinclair by 7.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,100 shares of the company's stock worth $539,000 after buying an additional 800 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.