HF Sinclair (NYSE:DINO) Price Target Cut to $57.00

HF Sinclair (NYSE:DINO) had its price objective decreased by Morgan Stanley from $63.00 to $57.00 in a research note published on Monday, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Several other research firms have also issued reports on DINO. UBS Group lowered their price target on shares of HF Sinclair from $73.00 to $70.00 and set a buy rating for the company in a report on Tuesday, August 13th. Argus upgraded shares of HF Sinclair to a hold rating in a report on Wednesday, June 26th. Wolfe Research assumed coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a peer perform rating for the company. Piper Sandler lowered their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an overweight rating for the company in a research note on Friday, June 14th. Finally, Barclays lifted their price objective on shares of HF Sinclair from $51.00 to $53.00 and gave the company an equal weight rating in a research note on Monday, August 5th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, HF Sinclair currently has an average rating of Moderate Buy and an average price target of $60.55.

HF Sinclair Stock Up 0.7 %

Shares of NYSE DINO opened at $47.23 on Monday. The company has a 50 day simple moving average of $47.62 and a 200 day simple moving average of $53.23. The firm has a market cap of $9.08 billion, a PE ratio of 5.85 and a beta of 1.18. HF Sinclair has a 1 year low of $44.07 and a 1 year high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97.

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 net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter last year, the business earned $2.60 EPS. The company’s revenue was up .2% compared to the same quarter last year. On average, research analysts forecast that HF Sinclair will post 3.69 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.23%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s payout ratio is currently 24.75%.

Institutional Trading of HF Sinclair

Hedge funds have recently bought and sold shares of the business. Nordea Investment Management AB grew its position in HF Sinclair by 424.5% in the 1st quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock valued at $11,037,000 after purchasing an additional 148,208 shares during the period. Vanguard Group Inc. grew its position in 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 purchasing an additional 1,549,091 shares during the period. Cetera Advisors LLC acquired a new stake in HF Sinclair in the 1st quarter valued at $1,146,000. Oppenheimer & Co. Inc. grew its position in HF Sinclair by 99.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock valued at $2,287,000 after purchasing an additional 18,886 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in HF Sinclair during the 1st quarter worth $3,891,000. Institutional investors and hedge funds 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.