HF Sinclair Co. (NYSE:DINO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of HF Sinclair Co. (NYSE:DINO) have been given an average recommendation of “Moderate Buy” by the thirteen research firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $55.82.

A number of equities analysts have recently issued reports on the company. Mizuho dropped their price target on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. Barclays cut their price target on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research note on Monday, October 7th. Wolfe Research assumed coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a “peer perform” rating for the company. Wells Fargo & Company cut their target price on shares of HF Sinclair from $54.00 to $53.00 and set an “overweight” rating for the company in a research report on Wednesday, October 9th. Finally, UBS Group reduced their target price on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Poehling Capital Management INC. lifted its position in shares of HF Sinclair by 0.3% in the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after acquiring an additional 203 shares in the last quarter. V Square Quantitative Management LLC boosted its stake in HF Sinclair by 11.1% in the 3rd quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock worth $101,000 after purchasing an additional 226 shares during the period. Empirical Finance LLC grew its holdings in HF Sinclair by 1.2% during the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after buying an additional 228 shares in the last quarter. Fifth Third Bancorp raised its position in shares of HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after buying an additional 267 shares during the last quarter. Finally, Matrix Trust Co lifted its holdings in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Price Performance

DINO opened at $38.70 on Friday. The company’s 50-day simple moving average is $45.08 and its two-hundred day simple moving average is $49.82. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The stock has a market capitalization of $7.38 billion, a P/E ratio of 23.89 and a beta of 1.18. HF Sinclair has a 52-week low of $38.25 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.22. HF Sinclair had a net margin of 1.10% and a return on equity of 5.44%. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the firm earned $4.06 earnings per share. The firm’s revenue for the quarter was down 19.1% compared to the same quarter last year. As a group, analysts predict that HF Sinclair will post 2.32 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, November 21st. This represents a $2.00 annualized dividend and a dividend yield of 5.17%. HF Sinclair’s payout ratio is 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.