HF Sinclair Co. (NYSE:DINO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have earned an average rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $59.73.

Several equities analysts have commented on DINO shares. Argus upgraded shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Morgan Stanley cut their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. upped their target price on HF Sinclair from $59.00 to $60.00 and gave the company a “neutral” rating in a research report on Monday, August 19th. Mizuho dropped their price target on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Finally, Barclays upped their price objective on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, August 5th.

HF Sinclair Stock Down 0.8 %

Shares of DINO stock opened at $44.23 on Wednesday. HF Sinclair has a 52-week low of $43.88 and a 52-week high of $64.16. The stock has a market cap of $8.50 billion, a price-to-earnings ratio of 5.47 and a beta of 1.18. The firm’s 50-day moving average is $47.08 and its 200-day moving average is $52.51. 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 (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the prior year, the company earned $2.60 earnings per share. The business’s revenue for the quarter was up .2% compared to the same quarter last year. Sell-side analysts predict that HF Sinclair will post 2.84 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.52%. HF Sinclair’s dividend payout ratio is currently 24.75%.

Institutional Investors Weigh In On HF Sinclair

Institutional investors have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in shares of HF Sinclair in the 1st quarter worth about $26,000. Riverview Trust Co acquired a new position in HF Sinclair in the first quarter valued at approximately $31,000. Innealta Capital LLC bought a new position in shares of HF Sinclair during the 2nd quarter worth approximately $34,000. Quarry LP acquired a new stake in shares of HF Sinclair during the 4th quarter worth approximately $39,000. Finally, Bessemer Group Inc. grew its position in shares of HF Sinclair by 201.0% during the 1st quarter. Bessemer Group Inc. now owns 1,171 shares of the company’s stock worth $71,000 after buying an additional 782 shares during the period. 88.29% of the stock is owned by institutional investors.

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.