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

Shares of HF Sinclair Corporation (NYSE:DINO) have been assigned a consensus recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $69.9091.

A number of analysts have recently weighed in on the stock. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Scotiabank lifted their price target on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $81.00 price target on shares of HF Sinclair in a research report on Wednesday, May 6th. Raymond James Financial lifted their price target on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, March 25th. Finally, TD Cowen lifted their price target on HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a research report on Monday, May 4th.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at $2,975,916.90. The trade was a 18.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, the chief financial officer directly owned 11,475 shares in the company, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.26% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after buying an additional 446,867 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of HF Sinclair by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after purchasing an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after purchasing an additional 48,103 shares in the last quarter. State Street Corp grew its holdings in shares of HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after purchasing an additional 22,150 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of HF Sinclair by 13.7% during the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after purchasing an additional 523,709 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $69.92 on Monday. The firm has a fifty day simple moving average of $63.15 and a 200-day simple moving average of $55.71. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. HF Sinclair has a 1-year low of $34.77 and a 1-year high of $74.72. The stock has a market capitalization of $12.61 billion, a price-to-earnings ratio of 10.51 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the previous year, the company earned ($0.27) earnings per share. HF Sinclair’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts expect that HF Sinclair will post 8.9 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s payout ratio is currently 30.08%.

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.