HF Sinclair (NYSE:DINO) PT Lowered to $65.00

HF Sinclair (NYSE:DINO) had its price objective reduced by Mizuho from $66.00 to $65.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on DINO. Wells Fargo & Company upped their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an overweight rating in a research report on Thursday, February 22nd. Piper Sandler increased their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an overweight rating in a research note on Friday, April 5th. UBS Group raised shares of HF Sinclair from a neutral rating to a buy rating and increased their target price for the stock from $64.00 to $73.00 in a research note on Wednesday, February 14th. Scotiabank raised their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a research note on Thursday, April 11th. Finally, Bank of America raised shares of HF Sinclair from a neutral rating to a buy rating and raised their price objective for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $65.42.

HF Sinclair Stock Performance

Shares of DINO stock opened at $56.27 on Monday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 6.78 and a beta of 1.28. HF Sinclair has a 52 week low of $37.12 and a 52 week high of $64.16. The company has a 50-day simple moving average of $59.14 and a 200 day simple moving average of $56.20.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. The firm had revenue of $7.66 billion during the quarter, compared to the consensus estimate of $8.05 billion. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business’s revenue for the quarter was down 14.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.97 EPS. On average, sell-side analysts predict that HF Sinclair will post 6.28 earnings per share for the current year.

HF Sinclair Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date was Friday, February 23rd. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares in the company, valued at $600,490.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the transaction, the executive vice president now owns 29,617 shares of the company’s stock, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Hedge funds have recently bought and sold shares of the stock. Rise Advisors LLC bought a new stake in HF Sinclair during the first quarter valued at approximately $26,000. Riverview Trust Co purchased a new position in shares of HF Sinclair during the first quarter worth approximately $31,000. Principal Securities Inc. purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $30,000. North Star Investment Management Corp. raised its stake in shares of HF Sinclair by 4,990.9% during the fourth quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares in the last quarter. Finally, Pingora Partners LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $35,000. 88.29% of the stock is currently owned by institutional investors.

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.