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

HF Sinclair Corporation (NYSE:DINO) has been assigned a consensus recommendation of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $71.6364.

DINO has been the subject of several research analyst reports. Raymond James Financial raised their target price on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. UBS Group boosted their price objective on HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, May 5th. Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Finally, Freedom Capital upgraded HF Sinclair to a “hold” rating in a research report on Friday, June 5th.

HF Sinclair Stock Up 2.7%

DINO stock opened at $67.55 on Friday. The company has a market cap of $12.18 billion, a PE ratio of 10.16 and a beta of 0.72. The business has a 50-day simple moving average of $67.51 and a 200 day simple moving average of $58.33. HF Sinclair has a 52 week low of $40.43 and a 52 week high of $74.72. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.27) earnings per share. Sell-side analysts anticipate that HF Sinclair will post 8.9 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 3.0%. HF Sinclair’s payout ratio is presently 30.08%.

Insider Transactions at HF Sinclair

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction on Tuesday, June 16th. The stock was bought at an average cost of $66.32 per share, with a total value of $100,010.56. Following the transaction, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Manuel J. Fernandez sold 635 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director directly owned 16,543 shares in the company, valued at $1,209,127.87. This represents a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 13,736 shares of company stock worth $954,694 in the last quarter. 0.26% of the stock is owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of hedge funds have recently modified their holdings of DINO. V Square Quantitative Management LLC bought a new stake in shares of HF Sinclair in the 4th quarter valued at $26,000. REAP Financial Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $29,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $36,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair during the first quarter worth approximately $41,000. Finally, State of Wyoming purchased a new position in shares of HF Sinclair during the second quarter worth approximately $41,000. Institutional investors and hedge funds 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.