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

HF Sinclair Co. (NYSE:DINO - Get Free Report) has been given a consensus recommendation of "Hold" by the thirteen analysts that are covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $53.00.

A number of research analysts have recently commented on the company. UBS Group dropped their price target 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. Morgan Stanley dropped their target price on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Piper Sandler decreased their price objective on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating on the stock in a research note on Friday, September 20th. Mizuho dropped their price objective on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Barclays reduced their target price on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, November 11th.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the purchase, the director now directly owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Atanas H. Atanasov bought 7,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the chief financial officer now directly owns 71,927 shares of the company's stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.28% of the company's stock.

Institutional Trading of HF Sinclair

Several hedge funds have recently bought and sold shares of DINO. Matrix Trust Co boosted its stake in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after acquiring an additional 317 shares during the period. Capital Performance Advisors LLP bought a new position in HF Sinclair in the 3rd quarter worth approximately $27,000. Innealta Capital LLC bought a new position in HF Sinclair in the 2nd quarter worth approximately $34,000. Massmutual Trust Co. FSB ADV grew its holdings in HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock valued at $37,000 after buying an additional 370 shares in the last quarter. Finally, Millburn Ridgefield Corp bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $50,000. Institutional investors own 88.29% of the company's stock.

HF Sinclair Stock Down 4.9 %

Shares of NYSE DINO traded down $1.85 during mid-day trading on Monday, reaching $35.60. 2,484,263 shares of the company's stock traded hands, compared to its average volume of 2,001,652. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The business has a 50-day simple moving average of $41.69 and a 200 day simple moving average of $46.40. The stock has a market cap of $6.70 billion, a P/E ratio of 21.98 and a beta of 1.20. HF Sinclair has a 1-year low of $35.47 and a 1-year high of $64.16.

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

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.62%. HF Sinclair's dividend payout ratio (DPR) is presently 123.46%.

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.