HF Sinclair (NYSE:DINO) PT Lowered to $57.00 at Morgan Stanley

HF Sinclair (NYSE:DINO) had its target price reduced by Morgan Stanley from $63.00 to $57.00 in a report released on Monday morning, Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the company. UBS Group lowered their target price on HF Sinclair from $73.00 to $70.00 and set a buy rating for the company in a research note on Tuesday, August 13th. JPMorgan Chase & Co. boosted their price objective on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a neutral rating in a research note on Monday, August 19th. Wolfe Research started coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a peer perform rating on the stock. Barclays lifted their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the company an equal weight rating in a report on Monday, August 5th. Finally, Wells Fargo & Company reduced their price objective on HF Sinclair from $60.00 to $54.00 and set an overweight rating for the company in a research report on Tuesday, September 3rd. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus price target of $60.55.

HF Sinclair Stock Performance

Shares of DINO stock opened at $46.89 on Monday. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 5.80 and a beta of 1.18. The stock has a fifty day moving average of $47.64 and a 200 day moving average of $53.28. HF Sinclair has a 52 week low of $44.07 and a 52 week high of $64.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, August 1st. The company reported $0.78 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 analysts’ expectations of $7.65 billion. During the same period last year, the company posted $2.60 EPS. The company’s quarterly revenue was up .2% compared to the same quarter last year. As a group, research analysts expect that HF Sinclair will post 3.69 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.27%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Institutional Investors Weigh In On HF Sinclair

Several large investors have recently bought and sold shares of DINO. International Assets Investment Management LLC purchased a new stake in shares of HF Sinclair during the 4th quarter valued at about $408,000. Private Advisor Group LLC lifted its position in HF Sinclair by 146.1% during the fourth quarter. Private Advisor Group LLC now owns 5,954 shares of the company’s stock valued at $331,000 after purchasing an additional 18,866 shares during the period. Principal Securities Inc. purchased a new stake in HF Sinclair in the fourth quarter worth approximately $30,000. QRG Capital Management Inc. grew its position in HF Sinclair by 13.7% in the 4th quarter. QRG Capital Management Inc. now owns 6,492 shares of the company’s stock worth $361,000 after purchasing an additional 780 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in HF Sinclair by 0.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 83,703 shares of the company’s stock valued at $4,688,000 after buying an additional 275 shares during the last quarter. 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.