The price of HF Sinclair Corporation (NYSE:DINO) shares last traded on Wall Street fell -0.76% to $49.90.
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 $70.00 and a low of $40.00, we find $56.00. Given the previous closing price of $50.28, this indicates a potential upside of 11.38 percent. DINO stock price is now 12.82% away from the 50-day moving average and -1.53% away from the 200-day moving average. The market capitalization of the company currently stands at $9.47B.
Among analysts, 6 rate the stock a hold while 9 rate it a buy. Brokers who have rated the stock have averaged $55.15 as their price target over the next twelve months.
With the price target reduced from $50 to $44, TD Cowen maintained Market Perform rating for HF Sinclair Corporation (NYSE: DINO).
In other news, Holding Carol Orme, 10% Owner sold 4,000,000 shares of the company’s stock on Mar 30. The stock was sold for $190,360,000 at an average price of $47.59. Upon completion of the transaction, the 10% Owner now directly owns 34,853,483 shares in the company, valued at $1.74 billion. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 08, Chief Executive Officer Jennings Michael sold 50,000 shares of the business’s stock. A total of $2,553,113 was realized by selling the stock at an average price of $51.06. This leaves the insider owning 182,859 shares of the company worth $9.12 million. Insiders disposed of 25,608,597 shares of company stock worth roughly $1.28 billion over the past 1 year. A total of 0.40% 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 MEREWETHER INVESTMENT MANAGEMENT, LP during the first quarter worth $27,025,000. SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) invested $15,432,000 in shares of DINO during the first quarter. In the first quarter, ADAMS ASSET ADVISORS, LLC acquired a new stake in HF Sinclair Corporation valued at approximately $10,189,000. EMPOWERED FUNDS, LLC acquired a new stake in DINO for approximately $8,802,000. BOSTON PARTNERS purchased a new stake in DINO valued at around $8,643,000 in the second quarter. In total, there are 714 active investors with 67.50% ownership of the company’s stock.
A candlestick chart of HF Sinclair Corporation (NYSE: DINO) showed a price of $50.06 on Tuesday morning. During the past 12 months, HF Sinclair Corporation has had a low of $37.12 and a high of $66.19. As of last week, the company has a debt-to-equity ratio of 0.35, a current ratio of 2.10, and a quick ratio of 1.00. According to the stock market information, the enterprise value for the company is $11.81B, which is based on a 3.33 price-to-earnings ratio, a 1.07 price-to-earnings-growth ratio, and a beta of 1.39. The fifty day moving average price for DINO is $44.43 and a two-hundred day moving average price translates $50.63 for the stock.
The latest earnings results from HF Sinclair Corporation (NYSE: DINO) was released for Mar, 2023. According to the Oil & Gas Refining & Marketing Company, earnings per share came in at $2, beating analysts’ expectations of $1.52 by 0.48. This compares to $1.06 EPS in the same period last year. The company reported revenue of $7.57 billion for the quarter, compared to $7.46 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 1.43 percent. For the current quarter, analysts expect DINO to generate $7.28B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/01/2023. Investors who held shares on 05/18/2023 were paid a $0.45 dividend. On an annualized basis, this represents a $1.80 dividend and a 3.61% percent yield. There was an ex-dividend date of 05/17/2023 for this dividend. In terms of dividend payout ratio, DINO is presently at 8.85%.
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 1,500 independent Sinclair branded stations and licenses the use of the Sinclair brand at approximately 300 additional locations. 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 is headquartered in Dallas, Texas.
