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

HF Sinclair (NYSE:DINO) had its price objective lowered by Barclays from $60.00 to $56.00 in a research report released on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

DINO has been the subject of a number of other reports. Bank of America upgraded HF Sinclair from a neutral rating to a buy rating and raised their price target for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Mizuho decreased their price target on HF Sinclair from $64.00 to $61.00 and set a neutral rating for the company in a research note on Thursday, June 20th. Wells Fargo & Company cut their price objective on HF Sinclair from $76.00 to $75.00 and set an overweight rating for the company in a research report on Thursday, June 6th. Argus raised HF Sinclair to a hold rating in a research report on Wednesday, June 26th. Finally, Piper Sandler cut their price objective on HF Sinclair from $65.00 to $58.00 and set an overweight rating for the company in a research report on Friday, June 14th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, HF Sinclair has a consensus rating of Moderate Buy and an average target price of $64.42.

HF Sinclair Stock Up 0.0 %

NYSE:DINO opened at $53.36 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The company has a market cap of $10.25 billion, a PE ratio of 6.62 and a beta of 1.20. HF Sinclair has a 52-week low of $43.29 and a 52-week high of $64.16. The stock has a 50-day simple moving average of $54.95 and a 200 day simple moving average of $56.54.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The firm had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The business’s revenue was down 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.00 earnings per share. On average, sell-side analysts expect that HF Sinclair will post 5.64 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, May 21st. This represents a $2.00 annualized dividend and a yield of 3.75%. HF Sinclair’s payout ratio is currently 24.75%.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 6,500 shares of the stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the purchase, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in HF Sinclair by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after acquiring an additional 696,031 shares during the period. Dimensional Fund Advisors LP increased its stake in HF Sinclair by 1.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock worth $297,027,000 after acquiring an additional 98,477 shares during the period. Pacer Advisors Inc. increased its stake in HF Sinclair by 55.0% during the 4th quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after acquiring an additional 1,656,704 shares during the period. Deutsche Bank AG increased its stake in shares of HF Sinclair by 13.8% in the 3rd quarter. Deutsche Bank AG now owns 1,709,684 shares of the company’s stock valued at $97,332,000 after purchasing an additional 207,014 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of HF Sinclair by 1.2% in the 4th quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock valued at $80,908,000 after purchasing an additional 17,934 shares during the last quarter. Institutional investors 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.