Mizuho Cuts HF Sinclair (NYSE:DINO) Price Target to $50.00

HF Sinclair (NYSE:DINO) had its target price decreased by Mizuho from $53.00 to $50.00 in a report issued on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

DINO has been the topic of a number of other research reports. Piper Sandler reduced their target price on HF Sinclair from $58.00 to $49.00 and set an overweight rating on the stock in a research note on Friday, September 20th. Barclays decreased their price objective on HF Sinclair from $53.00 to $44.00 and set an equal weight rating on the stock in a report on Monday. Wolfe Research initiated coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a peer perform rating on the stock. BMO Capital Markets decreased their target price on shares of HF Sinclair from $57.00 to $53.00 and set an outperform rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $60.00 to $51.00 and set a neutral rating on the stock in a research note on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus target price of $55.82.

HF Sinclair Price Performance

DINO traded up $0.14 during trading on Thursday, reaching $46.06. 167,028 shares of the company were exchanged, compared to its average volume of 2,034,639. HF Sinclair has a 12-month low of $43.88 and a 12-month high of $64.16. The company’s 50-day moving average is $46.48 and its two-hundred day moving average is $51.90. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a market cap of $8.79 billion, a price-to-earnings ratio of 7.35 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter in the previous year, the company earned $2.60 earnings per share. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. Research analysts forecast that HF Sinclair will post 2.65 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. HF Sinclair’s dividend payout ratio (DPR) is 32.00%.

Institutional Trading of HF Sinclair

A number of hedge funds have recently modified their holdings of DINO. Rise Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter worth about $26,000. Riverview Trust Co bought a new position in shares of HF Sinclair in the first quarter worth approximately $31,000. Matrix Trust Co grew its holdings in shares of HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after buying an additional 317 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of HF Sinclair during the second quarter valued at approximately $34,000. Finally, Quarry LP purchased a new position in HF Sinclair in the 4th quarter worth approximately $39,000. Institutional investors own 88.29% of the company’s stock.

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.