HF Sinclair Co. (NYSE:DINO) Receives $55.82 Average Price Target from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have been given a consensus rating of “Moderate Buy” by 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 issued a buy recommendation on the company. The average 12 month price target among analysts that have covered the stock in the last year is $55.82.

A number of equities analysts have recently commented on the company. Mizuho dropped their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Piper Sandler decreased their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. BMO Capital Markets decreased their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Wolfe Research began coverage on HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating on the stock. Finally, JPMorgan Chase & Co. decreased their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd.

HF Sinclair Price Performance

NYSE DINO opened at $40.79 on Friday. HF Sinclair has a fifty-two week low of $40.61 and a fifty-two week high of $64.16. The stock’s 50-day moving average is $45.59 and its two-hundred day moving average is $50.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The firm has a market cap of $7.84 billion, a P/E ratio of 5.05 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business’s revenue was up .2% compared to the same quarter last year. During the same period last year, the company earned $2.60 earnings per share. On average, analysts anticipate that HF Sinclair will post 2.32 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.90%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is presently 24.75%.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently added to or reduced their stakes in the company. Nordea Investment Management AB increased its holdings in HF Sinclair by 424.5% during the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock worth $11,037,000 after purchasing an additional 148,208 shares in the last quarter. Cetera Advisors LLC bought a new position in shares of HF Sinclair in the 1st quarter valued at about $1,146,000. Oppenheimer & Co. Inc. grew its holdings in shares of HF Sinclair by 99.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after acquiring an additional 18,886 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of HF Sinclair in the 1st quarter valued at about $3,891,000. Finally, Bayesian Capital Management LP bought a new position in shares of HF Sinclair in the 1st quarter valued at about $785,000. 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.