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

Shares of HF Sinclair Corporation (NYSE:DINO) have been given a consensus rating of “Moderate Buy” by the sixteen research firms that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $94.25.

A number of equities research analysts have recently issued reports on the company. Zacks Research raised HF Sinclair from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. The Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price target on shares of HF Sinclair in a research report on Wednesday, July 29th. Mizuho lifted their price target on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research note on Tuesday, August 4th. Evercore started coverage on HF Sinclair in a report on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective on the stock. Finally, UBS Group upped their price objective on shares of HF Sinclair from $105.00 to $126.00 and gave the company a “buy” rating in a research note on Tuesday, September 8th.

HF Sinclair Trading Down 0.7%

HF Sinclair stock opened at $105.46 on Friday. 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 firm has a market cap of $18.75 billion, a price-to-earnings ratio of 10.06 and a beta of 0.71. HF Sinclair has a 1 year low of $45.71 and a 1 year high of $118.39. The firm’s 50 day moving average price is $98.44 and its two-hundred day moving average price is $78.50.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, beating analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.10 EPS. On average, research analysts predict 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 dividend of $0.5250 per share. This is an increase from HF Sinclair’s previous quarterly dividend of $0.50. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date was Tuesday, August 11th. HF Sinclair’s dividend payout ratio (DPR) is presently 20.04%.

Insider Activity at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the company’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 value of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

Large investors have recently added to or reduced their stakes in the company. QRG Capital Management Inc. lifted its holdings in shares of HF Sinclair by 27.0% in the second quarter. QRG Capital Management Inc. now owns 7,231 shares of the company’s stock valued at $504,000 after purchasing an additional 1,536 shares in the last quarter. Core Capital Management & Research inc. purchased a new position in shares of HF Sinclair during the second quarter valued at $67,000. Sequoia Financial Advisors LLC grew its holdings in shares of HF Sinclair by 67.5% during the second quarter. Sequoia Financial Advisors LLC now owns 14,553 shares of the company’s stock valued at $1,014,000 after buying an additional 5,863 shares in the last quarter. WINTON GROUP Ltd purchased a new position in shares of HF Sinclair during the second quarter valued at $397,000. Finally, RFG Advisory LLC acquired a new position in HF Sinclair during the second quarter valued at $1,281,000. 88.29% of the stock is owned by institutional investors and hedge funds.

About HF Sinclair

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.