Brokerages Set HF Sinclair Corporation (NYSE:DINO) Price Target at $83.42

HF Sinclair Corporation (NYSE:DINO) has been given a consensus recommendation of “Moderate Buy” by the sixteen analysts that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $83.4167.

Several equities analysts recently weighed in on the company. TD Cowen lifted their target price on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Wells Fargo & Company upped their price target on HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 1st. Freedom Capital downgraded HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Evercore assumed coverage on HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective on the stock. Finally, Raymond James Financial set a $105.00 price objective on HF Sinclair in a research note on Wednesday, July 29th.

HF Sinclair Stock Up 0.2%

DINO opened at $105.62 on Wednesday. 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 1-year low of $45.71 and a 1-year high of $108.25. The company has a market capitalization of $18.78 billion, a PE ratio of 10.08 and a beta of 0.71. The firm’s 50 day simple moving average is $88.36 and its two-hundred day simple moving average is $71.81.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company’s revenue was up 53.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.10 EPS. As a group, equities analysts forecast that HF Sinclair will post 11.85 EPS for the current year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.525 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Tuesday, August 11th. HF Sinclair’s payout ratio is presently 20.04%.

Insiders Place Their Bets

In related news, SVP Dale Kunneman sold 8,936 shares of the company’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 owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of the business’s stock in a transaction on Tuesday, June 16th. The stock was acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently made changes to their positions in DINO. Goldman Sachs Group Inc. raised its stake in HF Sinclair by 14.6% during the 1st 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 stake in HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock worth $638,000 after purchasing an additional 8,102 shares during the period. Amundi boosted its stake in HF Sinclair by 7.7% in the 2nd quarter. Amundi now owns 174,199 shares of the company’s stock worth $7,588,000 after purchasing an additional 12,387 shares during the period. Jump Financial LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at approximately $209,000. Finally, Cerity Partners LLC grew its holdings in 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 in the last quarter. 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.