HF Sinclair (NYSE:DINO) Price Target Cut to $56.00

HF Sinclair (NYSE:DINO) had its target price trimmed by Barclays from $60.00 to $56.00 in a report published on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other brokerages have also recently issued reports on DINO. Wells Fargo & Company dropped their target price on shares of HF Sinclair from $76.00 to $75.00 and set an overweight rating for the company in a report on Thursday, June 6th. Argus raised HF Sinclair to a hold rating in a report on Wednesday, June 26th. Scotiabank upped their target price on HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a report on Thursday, April 11th. Bank of America raised HF Sinclair from a neutral rating to a buy rating and lifted their price target for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, Piper Sandler lowered their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an overweight rating on the stock in a research note on Friday, June 14th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $64.25.

HF Sinclair Stock Performance

Shares of DINO stock opened at $52.99 on Monday. The stock’s 50-day moving average price is $54.62 and its 200 day moving average price is $56.46. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $10.18 billion, a PE ratio of 6.56 and a beta of 1.19. HF Sinclair has a 52-week low of $43.29 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.55 by $0.16. The company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business’s revenue was down 7.1% on a year-over-year basis. During the same quarter last year, the business earned $2.00 EPS. As a group, equities research analysts forecast that HF Sinclair will post 5.64 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s payout ratio is 24.75%.

Insider Buying and Selling

In related news, Director Franklin Myers purchased 6,500 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were 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 in the company, valued at $7,933,869.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of institutional investors have recently added to or reduced their stakes in the business. Pacer Advisors Inc. grew its position in HF Sinclair by 55.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock valued at $259,322,000 after acquiring an additional 1,656,704 shares in the last quarter. Vanguard Group Inc. grew its holdings in HF Sinclair by 9.3% during the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after purchasing an additional 1,549,091 shares in the last quarter. Norges Bank purchased a new stake in HF Sinclair during the 4th quarter worth $65,774,000. Janus Henderson Group PLC lifted its holdings 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 buying an additional 660,978 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its position in HF Sinclair by 261.1% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 436,739 shares of the company’s stock valued at $26,366,000 after buying an additional 315,783 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.