HF Sinclair Co. (NYSE:DINO) Receives Average Rating of “Hold” from Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have been assigned an average rating of “Hold” from the thirteen analysts that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $53.45.

Several analysts have recently weighed in on the stock. Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a report on Friday, September 20th. BMO Capital Markets dropped their price target on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Finally, Mizuho lowered their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, October 10th.

HF Sinclair Stock Down 1.9 %

Shares of DINO opened at $37.45 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a 50-day simple moving average of $41.91 and a 200-day simple moving average of $46.52. HF Sinclair has a 52 week low of $37.34 and a 52 week high of $64.16. The firm has a market capitalization of $7.05 billion, a P/E ratio of 23.12 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last issued 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 company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. During the same period last year, the business earned $4.06 earnings per share. The business’s revenue was down 19.1% on a year-over-year basis. On average, equities research analysts expect that HF Sinclair will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.34%. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were purchased at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DINO. Pacer Advisors Inc. increased its position in HF Sinclair by 8.1% during the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after acquiring an additional 626,755 shares during the period. Dimensional Fund Advisors LP grew its position in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after purchasing an additional 399,988 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of HF Sinclair by 3.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after purchasing an additional 165,313 shares during the period. AQR Capital Management LLC raised its position in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after buying an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its stake in shares of HF Sinclair by 11.7% in the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after buying an additional 175,925 shares during the period. Institutional investors and hedge funds 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.