HF Sinclair Corporation (NYSE:DINO) Stock Has Consensus Target Price of $94.25

HF Sinclair Corporation (NYSE:DINO – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the sixteen research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $94.83.

Several analysts have issued reports on DINO shares. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. TD Cowen boosted their price target on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Mizuho upped their price objective on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 price objective on shares of HF Sinclair in a research report on Wednesday, July 29th. Finally, Barclays lifted their target price on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th.

Read Our Latest Stock Analysis on DINO

Insider Activity

In related news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the completion of the transaction, the senior vice president 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 legal filing with the SEC, which is available through this link. 0.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. BlackRock Inc. acquired a new stake in shares of HF Sinclair during the second quarter worth $1,291,602,000. Bank of New York Mellon Corp acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $140,654,000. NFJ Investment Group LLC increased its position in shares of HF Sinclair by 1,275.3% in the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after acquiring an additional 1,737,318 shares during the period. Bank of America Corp DE acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $89,846,000. Finally, First Trust Advisors LP raised its stake in HF Sinclair by 161.5% in the 1st quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock worth $64,702,000 after acquiring an additional 640,455 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Trading Up 0.4%

NYSE DINO opened at $113.15 on Friday. HF Sinclair has a one year low of $45.71 and a one year high of $118.39. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.10 and a current ratio of 1.97. The company has a market capitalization of $20.12 billion, a price-to-earnings ratio of 10.80 and a beta of 0.72. The company’s 50-day simple moving average is $99.74 and its two-hundred day simple moving average is $79.49.

HF Sinclair (NYSE:DINO – Get Free Report) last announced 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 firm had revenue of $10.39 billion during 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 in the prior year, the company earned $1.10 EPS. Equities analysts forecast that HF Sinclair will post 17.51 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were issued a $0.5250 dividend. The ex-dividend date was Tuesday, August 11th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. HF Sinclair’s dividend payout ratio (DPR) is 20.04%.

About HF Sinclair

(Get Free Report)

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.

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Analyst Recommendations for HF Sinclair (NYSE:DINO)

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