HF Sinclair (NYSE:DINO) Price Target Cut to $37.00 by Analysts at Barclays

HF Sinclair (NYSE:DINO) had its price objective trimmed by Barclays from $42.00 to $37.00 in a research note released on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other equities research analysts also recently issued reports on DINO. Morgan Stanley reduced their price objective on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. BMO Capital Markets cut their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. Finally, TD Cowen decreased their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $51.00.

HF Sinclair Stock Performance

Shares of DINO opened at $36.88 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The firm has a fifty day moving average of $38.40 and a 200-day moving average of $43.80. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 22.77 and a beta of 1.22. HF Sinclair has a 1 year low of $33.47 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the previous year, the business earned $4.06 EPS. The company’s quarterly revenue was down 19.1% compared to the same quarter last year. As a group, equities analysts anticipate that HF Sinclair will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.42%. HF Sinclair’s dividend payout ratio (DPR) is presently 123.46%.

Insider Buying and Selling at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $37.96 per share, with a total value of $265,720.00. Following the completion of the transaction, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers bought 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. The trade was a 3.56 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 17,000 shares of company stock valued at $628,370. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

Large investors have recently added to or reduced their stakes in the company. Matrix Trust Co boosted its stake in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after acquiring an additional 317 shares during the period. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the 3rd quarter valued at approximately $27,000. Massmutual Trust Co. FSB ADV boosted its position in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares in the last quarter. Millburn Ridgefield Corp acquired a new position in HF Sinclair in the 3rd quarter worth about $50,000. Finally, Coastline Trust Co acquired a new stake in HF Sinclair during the 3rd quarter worth approximately $55,000. 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.