HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

HF Sinclair Co. (NYSE:DINO) has been given a consensus recommendation of “Moderate Buy” by the thirteen brokerages that are covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $54.27.

DINO has been the topic of several recent analyst reports. Scotiabank cut their price objective on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Morgan Stanley cut their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. UBS Group cut their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. Barclays cut their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, November 11th. Finally, BMO Capital Markets cut their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the transaction, the director now directly owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This represents a 3.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DINO. Pacer Advisors Inc. lifted its position in shares of HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after buying an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after buying an additional 997,629 shares in the last quarter. Janus Henderson Group PLC lifted its position in shares of HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after buying an additional 660,978 shares in the last quarter. Ferguson Wellman Capital Management Inc. purchased a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $33,177,000. Finally, Squarepoint Ops LLC lifted its position in shares of HF Sinclair by 90.2% during the 2nd quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock valued at $45,315,000 after buying an additional 402,793 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $40.98 on Thursday. The company has a market capitalization of $7.71 billion, a PE ratio of 25.30 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a 50-day simple moving average of $43.37 and a two-hundred day simple moving average of $48.01. HF Sinclair has a one year low of $38.25 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the previous year, the company posted $4.06 earnings per share. The firm’s revenue was down 19.1% on a year-over-year basis. Research analysts expect that HF Sinclair will post 2.35 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 4.88%. HF Sinclair’s dividend payout ratio is presently 123.46%.

HF Sinclair Company Profile

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.