HF Sinclair Corporation (NYSE:DINO) Given Consensus Rating of “Hold” by Analysts

Shares of HF Sinclair Corporation (NYSE:DINO) have been given a consensus recommendation of “Hold” by the sixteen research firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $71.6364.

A number of equities research analysts have recently issued reports on the stock. Piper Sandler cut their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research note on Thursday, February 19th. BMO Capital Markets cut their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. UBS Group upped their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $64.33 on Friday. The company’s fifty day moving average price is $66.69 and its 200-day moving average price is $57.83. The firm has a market capitalization of $11.60 billion, a price-to-earnings ratio of 9.67 and a beta of 0.72. HF Sinclair has a one year low of $40.09 and a one year high of $74.72. 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 issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’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 earned ($0.27) EPS. On average, equities research analysts anticipate that HF Sinclair will post 8.9 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. Stockholders of record on Monday, May 11th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. HF Sinclair’s dividend payout ratio is 30.08%.

Insider Buying and Selling

In other news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the sale, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of the business’s stock in a transaction dated Tuesday, June 16th. The stock was acquired at an average cost of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 13,736 shares of company stock worth $954,694 in the last ninety days. 0.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its position in HF Sinclair by 19.1% during the 1st quarter. Parallel Advisors LLC now owns 5,678 shares of the company’s stock valued at $354,000 after buying an additional 909 shares during the period. Bull Harbor Capital LLC purchased a new stake in HF Sinclair during the 1st quarter valued at $580,000. South Dakota Investment Council boosted its position in HF Sinclair by 94.9% during the 1st quarter. South Dakota Investment Council now owns 28,621 shares of the company’s stock valued at $1,786,000 after buying an additional 13,935 shares during the period. EverSource Wealth Advisors LLC boosted its position in HF Sinclair by 19.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,335 shares of the company’s stock valued at $520,000 after buying an additional 1,381 shares during the period. Finally, California State Teachers Retirement System boosted its position in HF Sinclair by 22.9% during the 1st quarter. California State Teachers Retirement System now owns 185,360 shares of the company’s stock valued at $11,565,000 after buying an additional 34,564 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

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.