HF Sinclair Corporation (NYSE:DINO) Stock Has Average Price Target of $106.50

Shares of HF Sinclair Corporation (NYSE:DINO) have been assigned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $107.50.

A number of research analysts have recently commented on the stock. Freedom Capital downgraded shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Zacks Research upgraded shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. The Goldman Sachs Group raised their target price on shares of HF Sinclair from $114.00 to $142.00 and gave the stock a “buy” rating in a research report on Friday, October 9th. UBS Group boosted their target price on shares of HF Sinclair from $126.00 to $133.00 and gave the company a “buy” rating in a report on Saturday, October 3rd. Finally, Raymond James Financial upped their price target on shares of HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a research report on Monday, September 14th.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $121.54 on Thursday. The company has a market cap of $21.61 billion, a P/E ratio of 11.60 and a beta of 0.72. The business has a fifty day simple moving average of $110.00 and a 200-day simple moving average of $85.95. HF Sinclair has a 52 week low of $45.71 and a 52 week high of $129.37. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27.

HF Sinclair (NYSE:DINO) last released its earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%. The firm had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the prior year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was up 53.2% compared to the same quarter last year. Equities research analysts forecast that HF Sinclair will post 19.22 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were issued a $0.5250 dividend. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

Insider Buying and Selling at HF Sinclair

In other news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the company. Reyes Financial Architecture Inc. acquired a new position in HF Sinclair in the third quarter valued at $29,000. Bullock Wealth Management Group purchased a new stake in HF Sinclair during the third quarter valued at about $41,000. Clearstead Trust LLC acquired a new stake in HF Sinclair during the second quarter worth about $33,000. Fairway Wealth LLC acquired a new stake in HF Sinclair during the first quarter worth about $41,000. Finally, Fortitude Family Office LLC increased its stake in HF Sinclair by 112.6% during the third quarter. Fortitude Family Office LLC now owns 674 shares of the company’s stock worth $72,000 after acquiring an additional 357 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.