HF Sinclair (NYSE:DINO) Price Target Lowered to $54.00 at Wells Fargo & Company

HF Sinclair (NYSE:DINO) had its target price lowered by Wells Fargo & Company from $60.00 to $54.00 in a report released on Tuesday, Benzinga reports. The firm currently has an overweight rating on the stock.

DINO has been the topic of a number of other research reports. Mizuho dropped their price target on shares of HF Sinclair from $64.00 to $61.00 and set a neutral rating on the stock in a research report on Thursday, June 20th. JPMorgan Chase & Co. raised their price target on HF Sinclair from $59.00 to $60.00 and gave the company a neutral rating in a research report on Monday, August 19th. Barclays lifted their price objective on HF Sinclair from $51.00 to $53.00 and gave the stock an equal weight rating in a research note on Monday, August 5th. Argus upgraded HF Sinclair to a hold rating in a research note on Wednesday, June 26th. Finally, UBS Group dropped their price target on HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $62.00.

HF Sinclair Trading Down 3.9 %

Shares of NYSE:DINO opened at $45.57 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.76 billion, a PE ratio of 5.64 and a beta of 1.19. HF Sinclair has a 1 year low of $44.09 and a 1 year high of $64.16. The firm has a fifty day moving average price of $48.70 and a 200 day moving average price of $54.06.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the prior year, the company posted $2.60 EPS. The firm’s revenue was up .2% on a year-over-year basis. Analysts expect that HF Sinclair will post 3.69 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Rise Advisors LLC bought a new position in shares of HF Sinclair during the 1st quarter worth approximately $26,000. Riverview Trust Co acquired a new position in shares of HF Sinclair in the 1st quarter worth approximately $31,000. Principal Securities Inc. bought a new stake in HF Sinclair during the 4th quarter worth approximately $30,000. Pingora Partners LLC bought a new stake in HF Sinclair during the 4th quarter worth approximately $35,000. Finally, Innealta Capital LLC acquired a new stake in HF Sinclair during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

About HF Sinclair

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.