Analysts Set HF Sinclair Co. (NYSE:DINO) Target Price at $65.42

Shares of HF Sinclair Co. (NYSE:DINO) have earned a consensus rating of “Moderate Buy” from the twelve research firms that are presently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $65.42.

Several equities research analysts have recently commented on the stock. Barclays started coverage on shares of HF Sinclair in a research report on Monday, February 26th. They set an “equal weight” rating and a $60.00 price target for the company. TD Cowen increased their price target on shares of HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Scotiabank upped their price objective on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a research note on Thursday, April 11th. Finally, Mizuho decreased their target price on HF Sinclair from $66.00 to $65.00 and set a “neutral” rating on the stock in a report on Monday, April 15th.

HF Sinclair Trading Up 1.4 %

NYSE:DINO opened at $57.73 on Friday. The company has a market cap of $11.38 billion, a PE ratio of 6.96 and a beta of 1.31. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a 50 day simple moving average of $58.36 and a two-hundred day simple moving average of $56.37. HF Sinclair has a 12 month low of $39.00 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.55 by $0.16. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.54 billion. During the same quarter in the previous year, the company posted $2.00 earnings per share. HF Sinclair’s revenue was down 7.1% compared to the same quarter last year. Research analysts forecast that HF Sinclair will post 6.55 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a $0.50 dividend. The ex-dividend date is Tuesday, May 21st. This represents a $2.00 annualized dividend and a yield of 3.46%. HF Sinclair’s payout ratio is 24.10%.

Insider Activity

In related news, EVP Valerie Pompa sold 7,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Franklin Myers acquired 4,180 shares of the firm’s stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of $58.94 per share, with a total value of $246,369.20. Following the acquisition, the director now directly owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently made changes to their positions in DINO. Gotham Asset Management LLC grew its position in HF Sinclair by 7.4% in the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock worth $6,236,000 after acquiring an additional 7,547 shares in the last quarter. UBS Group AG boosted its holdings in shares of HF Sinclair by 26.2% in the 3rd quarter. UBS Group AG now owns 413,679 shares of the company’s stock worth $23,551,000 after purchasing an additional 85,993 shares during the period. Readystate Asset Management LP bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $1,443,000. Spirit of America Management Corp NY purchased a new stake in HF Sinclair during the 4th quarter valued at $1,093,000. Finally, Qube Research & Technologies Ltd bought a new stake in HF Sinclair in the third quarter worth $12,135,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.