HF Sinclair Corporation (NYSE:DINO) Given Consensus Recommendation of “Hold” by Brokerages

Shares of HF Sinclair Corporation (NYSE:DINO) have received a consensus recommendation of “Hold” from the fifteen analysts that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $61.00.

A number of equities analysts have issued reports on DINO shares. Morgan Stanley set a $57.00 target price on HF Sinclair in a report on Thursday, February 19th. Piper Sandler cut their price target on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Mizuho lifted their price objective on shares of HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th. TD Cowen boosted their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Finally, Barclays lowered their target price on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th.

Institutional Trading of HF Sinclair

Several hedge funds have recently added to or reduced their stakes in DINO. Quent Capital LLC bought a new position in HF Sinclair during the third quarter worth about $28,000. V Square Quantitative Management LLC bought a new stake in shares of HF Sinclair in the fourth quarter worth about $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $29,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth about $36,000. Finally, IFC & Insurance Marketing Inc. bought a new position in shares of HF Sinclair during the 4th quarter valued at about $43,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $60.69 on Friday. The firm has a fifty day moving average of $56.14 and a two-hundred day moving average of $52.91. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. The stock has a market capitalization of $10.94 billion, a price-to-earnings ratio of 19.77 and a beta of 0.70. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $64.70.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. The business had revenue of $6.46 billion for the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The firm’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned ($1.02) EPS. As a group, equities research analysts predict that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 3.3%. HF Sinclair’s payout ratio is 65.15%.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.