HF Sinclair Co. (NYSE:DINO) Given Consensus Recommendation of "Hold" by Analysts

HF Sinclair Co. (NYSE:DINO - Get Free Report) has been assigned a consensus rating of "Hold" from the thirteen brokerages that are currently covering the company, Marketbeat reports. Seven analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $51.00.

Several equities analysts recently commented on DINO shares. UBS Group cut their target price on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a research note on Monday, November 4th. Mizuho cut their target price on shares of HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research note on Monday, December 16th. Wells Fargo & Company cut shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. TD Cowen dropped their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th.

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov bought 7,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at $2,730,348.92. This trade represents a 10.78 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 17,000 shares of company stock valued at $612,870. 0.28% of the stock is owned by insiders.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. grew its holdings in HF Sinclair by 8.1% during the 3rd quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company's stock worth $374,909,000 after acquiring an additional 626,755 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in HF Sinclair by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company's stock worth $240,026,000 after acquiring an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in HF Sinclair by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company's stock worth $193,197,000 after acquiring an additional 617,218 shares during the last quarter. First Trust Advisors LP grew its holdings in HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Finally, Southeastern Asset Management Inc. TN bought a new stake in HF Sinclair during the 4th quarter worth about $96,344,000. Institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $1.21 on Friday, reaching $31.86. The stock had a trading volume of 4,629,193 shares, compared to its average volume of 3,106,041. The business's 50-day moving average price is $36.01 and its two-hundred day moving average price is $40.60. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair has a fifty-two week low of $31.27 and a fifty-two week high of $64.16. The stock has a market cap of $6.00 billion, a P/E ratio of 38.85 and a beta of 1.22.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, sell-side analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair's payout ratio is 243.90%.

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.