HF Sinclair (NYSE:DINO) PT Raised to $53.00

HF Sinclair (NYSE:DINO) had its price target boosted by Barclays from $51.00 to $53.00 in a research note released on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other research analysts also recently commented on the stock. Wells Fargo & Company dropped their target price on shares of HF Sinclair from $61.00 to $60.00 and set an overweight rating on the stock in a research report on Friday. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $61.00 to $59.00 and set a neutral rating on the stock in a research note on Tuesday, July 2nd. Piper Sandler reduced their price objective on HF Sinclair from $65.00 to $58.00 and set an overweight rating for the company in a research note on Friday, June 14th. Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a peer perform rating for the company. Finally, Mizuho reduced their price objective on HF Sinclair from $64.00 to $61.00 and set a neutral rating for the company in a research note on Thursday, June 20th. Six investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and an average price target of $62.75.

HF Sinclair Price Performance

DINO stock traded up $0.05 during mid-day trading on Monday, reaching $46.13. The company’s stock had a trading volume of 2,037,168 shares, compared to its average volume of 1,978,651. HF Sinclair has a fifty-two week low of $44.09 and a fifty-two week high of $64.16. The stock has a market cap of $8.86 billion, a PE ratio of 5.76 and a beta of 1.19. The company’s 50 day moving average is $51.42 and its two-hundred day moving average is $55.53. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period last year, the business posted $2.60 EPS. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. Equities research analysts expect that HF Sinclair will post 3.85 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Investors of record on Wednesday, August 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Wednesday, August 21st. HF Sinclair’s payout ratio is currently 24.75%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 6,500 shares of the stock in a transaction on Monday, May 20th. The stock was bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently bought and sold shares of DINO. Vanguard Group Inc. increased its holdings in shares of HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after acquiring an additional 1,549,091 shares during the last quarter. Norges Bank acquired a new position in HF Sinclair during the fourth quarter valued at $65,774,000. Janus Henderson Group PLC increased its position in HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock worth $40,168,000 after purchasing an additional 660,978 shares during the last quarter. Ferguson Wellman Capital Management Inc. acquired a new position in HF Sinclair in the 2nd quarter worth about $33,177,000. Finally, Jacobs Levy Equity Management Inc. increased its holdings in shares of HF Sinclair by 261.1% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 436,739 shares of the company’s stock valued at $26,366,000 after acquiring an additional 315,783 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It 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.