The price of HF Sinclair Corporation (NYSE:DINO) shares last traded on Wall Street fell -6.97% to $52.49.
Based on available information, 17 analysts follow HF Sinclair Corporation (NYSE:DINO). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $86.00 and a low of $40.00, we find $67.00. Given the previous closing price of $56.42, this indicates a potential upside of 18.75 percent. DINO stock price is now -11.75% away from the 50-day moving average and 8.83% away from the 200-day moving average. The market capitalization of the company currently stands at $11.36B.
Among analysts, 8 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $66.08 as their price target over the next twelve months.
With the price target reduced from $62 to $55, Wells Fargo Downgraded its rating from Overweight to Equal Weight for HF Sinclair Corporation (NYSE: DINO). On May 16, 2022, Goldman Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $46 to quote $56, while ‘Cowen’ rates the stock as ‘Outperform’.
In other news, Jennings Michael, Chief Executive Officer sold 45,500 shares of the company’s stock on Nov 17. The stock was sold for $2,887,542 at an average price of $63.46. Upon completion of the transaction, the Chief Executive Officer now directly owns 242,999 shares in the company, valued at $12.76 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Nov 10, Director MYERS FRANKLIN bought 10,000 shares of the business’s stock. A total of $608,800 was incurred on buying the stock at an average price of $60.88. This leaves the insider owning 119,608 shares of the company worth $6.28 million. Insiders disposed of 14,591,312 shares of company stock worth roughly $765.9 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DINO stock. A new stake in HF Sinclair Corporation shares was purchased by AVENTAIL CAPITAL GROUP, LP during the first quarter worth $16,835,000. RENAISSANCE TECHNOLOGIES LLC invested $14,145,000 in shares of DINO during the first quarter. In the first quarter, HOLOCENE ADVISORS, LP acquired a new stake in HF Sinclair Corporation valued at approximately $9,181,000. THOMIST CAPITAL MANAGEMENT, LP acquired a new stake in DINO for approximately $9,067,000. HRT FINANCIAL LP purchased a new stake in DINO valued at around $7,291,000 in the second quarter. In total, there are 604 active investors with 67.60% ownership of the company’s stock.
A candlestick chart of HF Sinclair Corporation (NYSE: DINO) showed a price of $57.07 on Monday morning. During the past 12 months, HF Sinclair Corporation has had a low of $29.14 and a high of $66.19. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 2.10, and a quick ratio of 1.00. The fifty day moving average price for DINO is $59.48 and a two-hundred day moving average price translates $48.23 for the stock.
The latest earnings results from HF Sinclair Corporation (NYSE: DINO) was released for Jun, 2022. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $5.59, beating analysts’ expectations of $4.56 by 1.03. This compares to $1.86 EPS in the same period last year. The net profit margin was 7.10% and return on equity was 30.90% for DINO. The company reported revenue of $10.6 billion for the quarter, compared to $4.69 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 126.23 percent. For the current quarter, analysts expect DINO to generate $8.28B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 12/05/2022. Investors who held shares on 11/21/2022 were paid a $0.40 dividend. On an annualized basis, this represents a $1.60 dividend and a 3.05% percent yield. There was an ex-dividend date of 11/18/2022 for this dividend. In terms of dividend payout ratio, DINO is presently at 10.20%.
HF Sinclair Corporation(DINO) Company Profile
HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states. In addition, it supplies fuels to approximately 1,300 independent Sinclair-branded stations and licenses the use of the Sinclair brand at approximately 300 additional locations, as well as engages in the growing renewables business. Further, the company produces base oils and other specialized lubricants; and provides petroleum product and crude oil transportation, terminalling, storage, and throughput services to the petroleum industry. HF Sinclair Corporation was incorporated in 2021 and is headquartered in Dallas, Texas.