Analysts Set HF Sinclair Co. (NYSE:DINO) PT at $53.45

HF Sinclair Co. (NYSE:DINO) has earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $51.45.

Several research analysts recently issued reports on DINO shares. Mizuho decreased their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Barclays dropped their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th.

HF Sinclair Stock Performance

Shares of DINO opened at $33.76 on Monday. HF Sinclair has a one year low of $33.51 and a one year high of $64.16. The company has a 50-day simple moving average of $40.82 and a two-hundred day simple moving average of $45.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a market capitalization of $6.35 billion, a PE ratio of 20.84 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm’s revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the company posted $4.06 earnings per share. On average, analysts anticipate that HF Sinclair will post 2.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a yield of 5.92%. HF Sinclair’s dividend payout ratio (DPR) is 123.46%.

Insiders Place Their Bets

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 5,000 shares of HF Sinclair stock in a transaction dated Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 17,000 shares of company stock valued at $628,370. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Large investors have recently added to or reduced their stakes in the business. Matrix Trust Co lifted its position in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of HF Sinclair during the 3rd quarter valued at about $27,000. Innealta Capital LLC bought a new position in shares of HF Sinclair during the 2nd quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV grew its stake in shares of HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after acquiring an additional 370 shares during the period. Finally, Millburn Ridgefield Corp purchased a new stake in HF Sinclair in the 3rd quarter worth approximately $50,000. 88.29% of the stock is currently owned by institutional investors.

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.