HF Sinclair Corporation (NYSE:DINO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of HF Sinclair Corporation (NYSE:DINO) have earned a consensus recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have covered the stock in the last year is $70.8182.

A number of research analysts recently issued reports on DINO shares. Scotiabank boosted their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the company a “sector perform” rating in a report on Wednesday, April 22nd. Mizuho reiterated a “neutral” rating and issued a $79.00 target price (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. The Goldman Sachs Group reissued a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Finally, Raymond James Financial upped their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th.

HF Sinclair Trading Up 0.1%

NYSE:DINO opened at $69.99 on Monday. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. HF Sinclair has a 1-year low of $35.10 and a 1-year high of $74.72. The firm has a market capitalization of $12.62 billion, a price-to-earnings ratio of 10.52 and a beta of 0.72. The business’s 50-day moving average price is $64.29 and its two-hundred day moving average price is $56.24.

HF Sinclair (NYSE:DINO) last posted its earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.27) EPS. On average, equities analysts expect that HF Sinclair will post 8.7 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s payout ratio is presently 30.08%.

Insiders Place Their Bets

In other news, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares in the company, valued at $2,975,916.90. The trade was a 18.83% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,101 shares of company stock worth $908,281 over the last ninety days. 0.26% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

Several hedge funds have recently bought and sold shares of DINO. Vanguard Group Inc. lifted its stake in HF Sinclair by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after buying an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of HF Sinclair by 6.4% during the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after acquiring an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after acquiring an additional 48,103 shares during the period. State Street Corp raised its holdings in shares of HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after acquiring an additional 22,150 shares during the period. Finally, AQR Capital Management LLC lifted its position in HF Sinclair by 13.7% in the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after acquiring an additional 523,709 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.