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

Shares of HF Sinclair Co. (NYSE:DINO) have received an average recommendation of “Moderate Buy” from the thirteen research firms that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $54.27.

A number of equities research analysts recently issued reports on DINO shares. BMO Capital Markets dropped their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Scotiabank lowered their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research report on Thursday, October 10th. Morgan Stanley reduced their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Piper Sandler decreased their price target on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Finally, Wells Fargo & Company cut their price target on HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, October 9th.

HF Sinclair Trading Down 0.4 %

Shares of HF Sinclair stock opened at $42.22 on Thursday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business has a fifty day simple moving average of $43.58 and a 200-day simple moving average of $48.16. HF Sinclair has a fifty-two week low of $38.25 and a fifty-two week high of $64.16. The firm has a market cap of $7.94 billion, a price-to-earnings ratio of 26.06 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter last year, the firm earned $4.06 earnings per share. The business’s revenue for the quarter was down 19.1% on a year-over-year basis. On average, equities analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Investors of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.74%. HF Sinclair’s payout ratio is 123.46%.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its position in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after acquiring an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC increased its holdings in HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares during the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in shares of HF Sinclair in the second quarter worth about $33,177,000. Finally, Squarepoint Ops LLC boosted its stake in HF Sinclair by 90.2% during the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock worth $45,315,000 after buying an additional 402,793 shares during the last quarter. Hedge funds and other 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.