HF Sinclair Co. (NYSE:DINO) Receives Consensus Recommendation of “Hold” from Analysts

Posted by Defense World Staff on Aug 29th, 2023

Shares of HF Sinclair Co. (NYSE:DINO – Get Free Report) have earned an average recommendation of “Hold” from the ten research firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $61.83.

DINO has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on HF Sinclair from $52.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th. TD Cowen cut their target price on HF Sinclair from $50.00 to $44.00 and set a “market perform” rating on the stock in a research report on Friday, May 5th. Piper Sandler lifted their price target on shares of HF Sinclair from $63.00 to $70.00 in a report on Friday, August 4th. Bank of America cut shares of HF Sinclair from a “buy” rating to a “neutral” rating and raised their target price for the stock from $62.00 to $65.00 in a report on Tuesday, August 15th. Finally, UBS Group boosted their price objective on HF Sinclair from $53.00 to $58.00 and gave the company a “neutral” rating in a research report on Monday, August 7th.

View Our Latest Stock Analysis on HF Sinclair

HF Sinclair Trading Down 1.1 %

Shares of DINO opened at $56.46 on Tuesday. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. HF Sinclair has a 12-month low of $37.12 and a 12-month high of $66.19. The firm has a 50-day moving average price of $50.36 and a 200 day moving average price of $47.76. The firm has a market capitalization of $10.39 billion, a P/E ratio of 4.79, a P/E/G ratio of 0.89 and a beta of 1.40.

HF Sinclair (NYSE:DINO – Get Free Report) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.33. The business had revenue of $7.83 billion for the quarter, compared to analysts’ expectations of $7.38 billion. HF Sinclair had a net margin of 6.87% and a return on equity of 24.58%. Sell-side analysts forecast that HF Sinclair will post 9.22 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 6th. Shareholders of record on Thursday, August 17th will be given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 3.19%. The ex-dividend date is Wednesday, August 16th. HF Sinclair’s dividend payout ratio is presently 15.28%.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors have recently bought and sold shares of DINO. U.S. Capital Wealth Advisors LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at about $26,000. Janiczek Wealth Management LLC increased its position in HF Sinclair by 1,307.5% in the second quarter. Janiczek Wealth Management LLC now owns 746 shares of the company’s stock worth $33,000 after buying an additional 693 shares in the last quarter. Parkside Financial Bank & Trust bought a new position in shares of HF Sinclair in the first quarter worth about $36,000. V Square Quantitative Management LLC bought a new position in shares of HF Sinclair in the second quarter worth about $44,000. Finally, AdvisorNet Financial Inc boosted its stake in HF Sinclair by 275.7% during the first quarter. AdvisorNet Financial Inc now owns 1,022 shares of the company’s stock valued at $49,000 after buying an additional 750 shares during the last quarter. Institutional investors own 89.15% of the company’s stock.

About HF Sinclair

(Get Free Report

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.