Analysts Set HF Sinclair Corporation (NYSE:DINO) Target Price at $74.27

HF Sinclair Corporation (NYSE:DINO) has been given an average recommendation of “Moderate Buy” by the sixteen analysts that are currently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $75.1667.

DINO has been the subject of a number of recent research reports. Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a research report on Monday, July 13th. Freedom Capital upgraded shares of HF Sinclair to a “hold” rating in a report on Friday, June 5th. Morgan Stanley raised their price target on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Zacks Research downgraded shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Friday, June 12th. Finally, Barclays boosted their price objective on shares of HF Sinclair from $71.00 to $81.00 and gave the company an “equal weight” rating in a research report on Monday, July 13th.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $88.56 on Tuesday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The business’s fifty day moving average price is $71.79 and its two-hundred day moving average price is $61.52. The stock has a market cap of $15.96 billion, a PE ratio of 13.32 and a beta of 0.72. HF Sinclair has a one year low of $42.16 and a one year high of $88.74.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $7.12 billion during the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the previous year, the firm posted ($0.27) earnings per share. The business’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, analysts forecast that HF Sinclair will post 10.27 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 2nd. Shareholders of record on Monday, May 11th were issued a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a yield of 2.3%. HF Sinclair’s payout ratio is 30.08%.

Insider Activity at HF Sinclair

In other HF Sinclair news, EVP Valerie Pompa sold 10,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $69.05, for a total transaction of $690,500.00. Following the transaction, the executive vice president owned 43,098 shares of the company’s stock, valued at $2,975,916.90. This represents a 18.83% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at approximately $997,253.84. The trade was a 11.15% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have sold 13,736 shares of company stock worth $954,694. Company insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its holdings in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares during the period. Focus Partners Wealth boosted its holdings in shares of HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares during the last quarter. Amundi boosted its holdings in shares of HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock valued at $7,588,000 after purchasing an additional 12,387 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at $209,000. Finally, Cerity Partners LLC grew its stake in shares of HF Sinclair by 25.7% during the 2nd quarter. Cerity Partners LLC now owns 145,047 shares of the company’s stock valued at $5,959,000 after buying an additional 29,635 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

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.