Analysts Set HF Sinclair Co. (NYSE:DINO) Target Price at $54.27

Shares of HF Sinclair Co. (NYSE:DINO - Get Free Report) have received a consensus rating of "Moderate Buy" from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $54.27.

DINO has been the subject of a number of analyst reports. BMO Capital Markets cut their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating for the company in a research report on Friday, October 4th. Morgan Stanley cut their price target 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. Barclays cut their price target on shares of HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a report on Monday, November 11th. JPMorgan Chase & Co. cut their price target on shares of HF Sinclair from $60.00 to $51.00 and set a "neutral" rating for the company in a report on Wednesday, October 2nd. Finally, UBS Group cut their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating for the company in a report on Monday, November 4th.

HF Sinclair Stock Up 0.2 %

Shares of HF Sinclair stock opened at $42.36 on Thursday. The company has a market cap of $7.97 billion, a P/E ratio of 26.15 and a beta of 1.18. 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 one year low of $38.25 and a one year high of $64.16. The firm has a fifty day moving average of $43.74 and a two-hundred day moving average of $48.51.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.51 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 the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair's quarterly revenue was down 19.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.06 EPS. On average, analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.72%. HF Sinclair's dividend payout ratio is presently 123.46%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction that occurred on 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 completion of the acquisition, the director now owns 145,293 shares of the company's stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.28% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in HF Sinclair in the third quarter valued at approximately $298,000. TD Private Client Wealth LLC raised its holdings in HF Sinclair by 51.1% in the third quarter. TD Private Client Wealth LLC now owns 3,938 shares of the company's stock valued at $176,000 after buying an additional 1,331 shares during the period. Toronto Dominion Bank raised its holdings in HF Sinclair by 16.1% in the third quarter. Toronto Dominion Bank now owns 20,461 shares of the company's stock valued at $912,000 after buying an additional 2,837 shares during the period. Delos Wealth Advisors LLC purchased a new position in HF Sinclair in the third quarter valued at approximately $76,000. Finally, Orion Portfolio Solutions LLC raised its holdings in HF Sinclair by 31.2% in the third quarter. Orion Portfolio Solutions LLC now owns 24,876 shares of the company's stock valued at $1,109,000 after buying an additional 5,911 shares during the period. Hedge funds and other institutional investors own 88.29% of the company's stock.

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.