HF Sinclair Corporation (NYSE:DINO) Receives $74.27 Consensus PT from Analysts

HF Sinclair Corporation (NYSE:DINO) has received a consensus rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $75.1667.

Several brokerages have recently issued reports on DINO. TD Cowen reduced their target price on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a research note on Monday, June 29th. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, May 6th. Morgan Stanley lifted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Mizuho reiterated a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Finally, Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th.

Insiders Place Their Bets

In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Valerie Pompa sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares in the company, valued at approximately $2,975,916.90. This trade represents a 18.83% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 13,736 shares of company stock valued at $954,694 in the last ninety days. 0.26% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently modified their holdings of DINO. Virtus Investment Advisers LLC raised its position in HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after purchasing an additional 195 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after purchasing an additional 210 shares in the last quarter. Unison Advisors LLC increased its stake in shares of HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock valued at $1,074,000 after purchasing an additional 218 shares during the last quarter. Parallel Advisors LLC increased its stake in shares of HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after purchasing an additional 221 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of HF Sinclair by 4.7% during the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after buying an additional 228 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

HF Sinclair stock opened at $90.47 on Tuesday. The business’s 50-day simple moving average is $72.14 and its 200 day simple moving average is $61.94. The stock has a market cap of $16.31 billion, a price-to-earnings ratio of 13.60 and a beta of 0.72. HF Sinclair has a 12-month low of $42.16 and a 12-month high of $91.45. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.27) EPS. As a group, research analysts anticipate that HF Sinclair will post 10.27 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. HF Sinclair’s payout ratio is 30.08%.

About HF Sinclair

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.