HF Sinclair Corporation (NYSE:DINO) Given Average Recommendation of “Hold” by Brokerages

by · The Cerbat Gem

Shares of HF Sinclair Corporation (NYSE:DINO – Get Free Report) have been assigned an average recommendation of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, five have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $59.1818.

Several equities research analysts recently weighed in on the stock. Piper Sandler increased their target price on shares of HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $65.00 price target (up previously from $60.00) on shares of HF Sinclair in a report on Friday, October 17th. UBS Group lifted their price objective on HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Morgan Stanley boosted their price objective on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Finally, Wells Fargo & Company began coverage on HF Sinclair in a research report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 target price for the company.

View Our Latest Report on HF Sinclair

HF Sinclair Stock Down 0.5%

DINO opened at $50.13 on Monday. The business has a 50 day moving average of $52.89 and a 200-day moving average of $47.34. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of 23.99 and a beta of 0.84. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. HF Sinclair has a 1-year low of $24.66 and a 1-year high of $56.58.

HF Sinclair (NYSE:DINO – Get Free Report) last released its earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating the consensus estimate of $1.94 by $0.50. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 EPS. As a group, sell-side analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Wednesday, November 19th. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its stake in HF Sinclair by 10.2% in the third quarter. Allworth Financial LP now owns 3,477 shares of the company’s stock valued at $182,000 after buying an additional 322 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of HF Sinclair by 24.3% during the third quarter. IFP Advisors Inc now owns 2,106 shares of the company’s stock worth $110,000 after acquiring an additional 412 shares during the period. Cambria Investment Management L.P. bought a new stake in HF Sinclair in the 3rd quarter valued at $9,073,000. Tweedy Browne Co LLC boosted its stake in HF Sinclair by 106.7% in the 3rd quarter. Tweedy Browne Co LLC now owns 14,308 shares of the company’s stock worth $749,000 after purchasing an additional 7,387 shares during the period. Finally, Captrust Financial Advisors boosted its stake in HF Sinclair by 2.0% in the 3rd quarter. Captrust Financial Advisors now owns 45,229 shares of the company’s stock worth $2,367,000 after purchasing an additional 902 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

(Get Free Report)

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.

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