HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

HF Sinclair Co. (NYSE:DINO - Get Free Report) has earned an average rating of "Moderate Buy" from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among analysts that have covered the stock in the last year is $55.82.

DINO has been the subject of a number of research analyst reports. Mizuho dropped their price target on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, October 10th. Scotiabank dropped their target price on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research report on Thursday, October 10th. JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $60.00 to $51.00 and set a "neutral" rating on the stock in a report on Wednesday, October 2nd. Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, September 20th. Finally, BMO Capital Markets reduced their target price on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th.

HF Sinclair Price Performance

HF Sinclair stock traded up $0.10 during midday trading on Friday, reaching $43.01. 1,459,187 shares of the stock were exchanged, compared to its average volume of 1,976,525. The company's fifty day moving average is $45.84 and its 200-day moving average is $50.43. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. HF Sinclair has a 52 week low of $42.42 and a 52 week high of $64.16. The firm has a market cap of $8.26 billion, a PE ratio of 5.32 and a beta of 1.16.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter last year, the business posted $2.60 earnings per share. The firm's revenue was up .2% compared to the same quarter last year. On average, sell-side analysts forecast that HF Sinclair will post 2.32 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair's dividend payout ratio (DPR) is presently 24.75%.

Institutional Trading of HF Sinclair

Institutional investors have recently made changes to their positions in the stock. Matrix Trust Co increased its holdings in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company's stock valued at $26,000 after purchasing an additional 317 shares during the period. Innealta Capital LLC purchased a new position in shares of HF Sinclair during the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV increased its stake in shares of HF Sinclair by 82.2% during the third 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 during the period. Bessemer Group Inc. raised its holdings in shares of HF Sinclair by 201.0% during the first quarter. Bessemer Group Inc. now owns 1,171 shares of the company's stock valued at $71,000 after acquiring an additional 782 shares in the last quarter. Finally, Abich Financial Wealth Management LLC lifted its stake in HF Sinclair by 15,200.0% in the second quarter. Abich Financial Wealth Management LLC now owns 1,377 shares of the company's stock worth $73,000 after acquiring an additional 1,368 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.