HF Sinclair Corporation (NYSE:DINO) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of HF Sinclair Corporation (NYSE:DINO) have received an average rating of “Moderate Buy” from the sixteen brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $81.25.

DINO has been the topic of several recent research reports. Morgan Stanley upped their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. TD Cowen lifted their price objective on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday, July 21st. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Evercore began coverage on HF Sinclair in a research note on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price on the stock. Finally, Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, August 4th.

Insider Buying and Selling at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the transaction, the senior vice president directly owned 42,561 shares in the company, valued at $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 12,672 shares of company stock worth $1,020,000. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. BlackRock Inc. acquired a new position in HF Sinclair in the 2nd quarter worth about $1,291,602,000. Bank of New York Mellon Corp acquired a new stake in HF Sinclair in the second quarter valued at approximately $140,654,000. NFJ Investment Group LLC increased its position in shares of HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after buying an additional 1,737,318 shares in the last quarter. Invesco Ltd. increased its position in shares of HF Sinclair by 104.3% in the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after buying an additional 994,090 shares in the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after buying an additional 903,177 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Stock Performance

DINO opened at $93.65 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair has a 12-month low of $44.22 and a 12-month high of $94.22. The firm has a 50 day moving average of $79.05 and a two-hundred day moving average of $67.12. The firm has a market capitalization of $16.65 billion, a PE ratio of 8.94 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. During the same period in the prior year, the firm earned $1.10 EPS. The business’s revenue for the quarter was up 53.2% on a year-over-year basis. On average, analysts anticipate that HF Sinclair will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th will be given a $0.525 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $2.10 annualized dividend and a yield of 2.2%. This is a boost from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s payout ratio is currently 20.04%.

About HF Sinclair

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.