HF Sinclair Corporation (NYSE:DINO) Receives Average Recommendation of “Hold” from Brokerages

HF Sinclair Corporation (NYSE:DINO) has been assigned an average recommendation of “Hold” from the fourteen research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $59.1818.

Several brokerages have recently commented on DINO. Barclays raised their target price on HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Monday, November 10th. Morgan Stanley lifted their target price on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Scotiabank reissued an “outperform” rating on shares of HF Sinclair in a report on Thursday, October 9th. Finally, Wells Fargo & Company assumed coverage on shares of HF Sinclair in a research note on Friday, October 17th. They issued an “equal weight” rating and a $58.00 target price for the company.

HF Sinclair Stock Performance

Shares of DINO opened at $52.91 on Monday. The firm’s fifty day simple moving average is $53.05 and its two-hundred day simple moving average is $46.97. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $56.58. The stock has a market capitalization of $9.73 billion, a P/E ratio of -115.02 and a beta of 0.99. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.51 earnings per share. As a group, analysts predict that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th will be given a dividend of $0.50 per share. The ex-dividend date is Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 3.8%. HF Sinclair’s dividend payout ratio is currently 95.69%.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Cetera Investment Advisers raised its stake in HF Sinclair by 240.8% in the first quarter. Cetera Investment Advisers now owns 97,338 shares of the company’s stock valued at $3,200,000 after purchasing an additional 68,777 shares in the last quarter. LPL Financial LLC grew its holdings in shares of HF Sinclair by 10.4% in the first quarter. LPL Financial LLC now owns 118,087 shares of the company’s stock worth $3,883,000 after purchasing an additional 11,137 shares during the last quarter. XTX Topco Ltd increased its stake in shares of HF Sinclair by 2.8% in the first quarter. XTX Topco Ltd now owns 30,397 shares of the company’s stock worth $999,000 after buying an additional 831 shares during the period. Natixis Advisors LLC increased its stake in shares of HF Sinclair by 0.9% in the first quarter. Natixis Advisors LLC now owns 57,480 shares of the company’s stock worth $1,890,000 after buying an additional 527 shares during the period. Finally, Harbour Investments Inc. raised its holdings in HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after buying an additional 310 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.