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

Shares of HF Sinclair Corporation (NYSE:DINO) have been given an average recommendation of “Moderate Buy” by the fifteen analysts that are presently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $74.2727.

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Raymond James Financial reaffirmed a “strong-buy” rating on shares of HF Sinclair in a report on Monday. Freedom Capital raised shares of HF Sinclair to a “hold” rating in a report on Friday, June 5th. Scotiabank increased their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

Insider Activity

In other news, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the transaction, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,736 shares of company stock worth $954,694 over the last ninety days. 0.26% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth approximately $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in shares of HF Sinclair during the 1st quarter valued at $41,000. Nalls Sherbakoff Group LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth $36,000. Finally, Main Street Group LTD bought a new stake in shares of HF Sinclair during the 1st quarter worth $54,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

Shares of DINO stock opened at $81.72 on Tuesday. The firm has a market cap of $14.73 billion, a P/E ratio of 12.29 and a beta of 0.72. HF Sinclair has a 1-year low of $42.16 and a 1-year high of $82.05. The firm has a fifty day moving average of $70.71 and a two-hundred day moving average of $60.51. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.HF Sinclair’s revenue for the quarter was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) earnings per share. As a group, research analysts anticipate that HF Sinclair will post 9.89 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Monday, May 11th. HF Sinclair’s dividend payout ratio is 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.