Brokerages Set HF Sinclair Corporation (NYSE:DINO) PT at $83.42

HF Sinclair Corporation (NYSE:DINO) has been given a consensus rating of “Moderate Buy” by the sixteen analysts that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $83.4167.

Several equities research analysts recently commented on the company. Morgan Stanley raised their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Raymond James Financial set a $105.00 price target on HF Sinclair in a research note on Wednesday, July 29th. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a report on Tuesday, July 28th. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Finally, TD Cowen lifted their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st.

Insider Activity

In other news, Director Rhoman J. Hardy bought 1,508 shares of HF Sinclair stock in a transaction dated Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in shares of HF Sinclair during the second quarter worth approximately $1,291,602,000. California State Teachers Retirement System grew its position in HF Sinclair by 6,576.6% in the 2nd quarter. California State Teachers Retirement System now owns 12,375,830 shares of the company’s stock valued at $861,977,000 after purchasing an additional 12,190,470 shares during the period. Bank of New York Mellon Corp bought a new stake in HF Sinclair during the 2nd quarter valued at $140,654,000. NFJ Investment Group LLC increased its stake in HF Sinclair by 1,275.3% during the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after purchasing an additional 1,737,318 shares in the last quarter. Finally, Bank of America Corp DE acquired a new position in HF Sinclair during the second quarter worth $89,846,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Down 0.5%

NYSE:DINO opened at $105.62 on Wednesday. The firm’s fifty day moving average is $88.36 and its 200-day moving average is $71.72. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. HF Sinclair has a 52 week low of $45.71 and a 52 week high of $108.25. The firm has a market cap of $18.78 billion, a P/E ratio of 10.08 and a beta of 0.71.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The firm had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The business’s revenue was up 53.2% compared to the same quarter last year. During the same period last year, the business posted $1.10 EPS. Equities analysts expect that HF Sinclair will post 11.85 earnings per share for the current year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.0%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Tuesday, August 11th. HF Sinclair’s payout ratio is presently 20.04%.

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.