Analysts Set HF Sinclair Corporation (NYSE:DINO) Price Target at $64.45

Shares of HF Sinclair Corporation (NYSE:DINO) have been assigned an average recommendation of “Moderate Buy” from the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, six have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $69.9091.

A number of equities research analysts have recently commented on DINO shares. UBS Group increased their target price on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday. Barclays increased their target price on HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a research note on Monday. Piper Sandler cut their target price on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. TD Cowen increased their target price on HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a research note on Monday. Finally, Mizuho increased their target price on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 17th.

HF Sinclair Price Performance

Shares of DINO stock opened at $71.12 on Thursday. The stock has a market cap of $12.82 billion, a price-to-earnings ratio of 10.69 and a beta of 0.72. The business’s fifty day moving average is $59.02 and its 200 day moving average is $54.23. HF Sinclair has a twelve month low of $32.39 and a twelve month high of $74.72. The company has a quick ratio of 0.90, a current ratio of 1.79 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.27) earnings per share. Research analysts expect that HF Sinclair will post 7.45 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, May 11th. HF Sinclair’s dividend payout ratio is currently 30.08%.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently modified their holdings of the stock. CI Investments Inc. grew its stake in shares of HF Sinclair by 20.0% in the third quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after acquiring an additional 187 shares during the last quarter. Virtus Investment Advisers LLC increased its holdings in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after buying an additional 195 shares in the last quarter. D.A. Davidson & CO. raised its position in HF Sinclair by 3.8% in the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after buying an additional 210 shares during the last quarter. Unison Advisors LLC raised its position in HF Sinclair by 0.9% in the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after buying an additional 218 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in HF Sinclair by 4.9% during the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after acquiring an additional 221 shares during the period. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

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.