Brokerages Set HF Sinclair Co. (NYSE:DINO) Target Price at $62.73

HF Sinclair Co. (NYSE:DINO) has been assigned an average rating of “Moderate Buy” from the thirteen analysts that are covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and seven have assigned a 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 $62.55.

A number of equities analysts recently commented on DINO shares. JPMorgan Chase & Co. raised their price objective on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday. UBS Group dropped their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Piper Sandler decreased their price objective on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a research report on Friday, June 14th. Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Finally, Wells Fargo & Company decreased their price target on shares of HF Sinclair from $61.00 to $60.00 and set an “overweight” rating for the company in a report on Friday, August 2nd.

Institutional Investors Weigh In On HF Sinclair

Institutional investors and hedge funds have recently modified their holdings of the business. Invst LLC raised its holdings in HF Sinclair by 26.8% during the second quarter. Invst LLC now owns 5,206 shares of the company’s stock valued at $278,000 after buying an additional 1,100 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of HF Sinclair by 18.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 29,706 shares of the company’s stock valued at $1,584,000 after acquiring an additional 4,627 shares in the last quarter. Creative Planning lifted its holdings in HF Sinclair by 41.2% in the 2nd quarter. Creative Planning now owns 47,419 shares of the company’s stock worth $2,529,000 after purchasing an additional 13,837 shares during the last quarter. Scientech Research LLC boosted its position in HF Sinclair by 287.4% during the second quarter. Scientech Research LLC now owns 20,295 shares of the company’s stock worth $1,083,000 after purchasing an additional 15,056 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of HF Sinclair in the second quarter valued at approximately $2,054,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.5 %

Shares of NYSE DINO opened at $49.03 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. HF Sinclair has a 12 month low of $44.09 and a 12 month high of $64.16. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 6.07 and a beta of 1.19. The business has a fifty day simple moving average of $50.05 and a 200-day simple moving average of $55.00.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.73%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period in the prior year, the firm earned $2.60 earnings per share. Sell-side analysts predict that HF Sinclair will post 3.85 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Wednesday, August 21st. HF Sinclair’s dividend payout ratio is 24.75%.

About HF Sinclair

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.