HF Sinclair (NYSE:DINO) PT Lowered to $49.00

HF Sinclair (NYSE:DINO) had its price objective reduced by Piper Sandler from $58.00 to $49.00 in a research note published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

Several other research firms have also recently weighed in 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 report on Monday, September 16th. Wells Fargo & Company reduced their price target on shares of HF Sinclair from $60.00 to $54.00 and set an overweight rating for the company in a report on Tuesday, September 3rd. Mizuho dropped their price objective on shares of HF Sinclair from $55.00 to $53.00 and set a neutral rating on the stock in a report on Monday, September 16th. Wolfe Research assumed coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a peer perform rating for the company. Finally, JPMorgan Chase & Co. lifted their target price on HF Sinclair from $59.00 to $60.00 and gave the stock a neutral rating in a research report on Monday, August 19th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair currently has an average rating of Moderate Buy and a consensus price target of $59.73.

HF Sinclair Stock Performance

NYSE:DINO opened at $46.26 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. HF Sinclair has a 1 year low of $44.07 and a 1 year high of $64.16. The firm’s fifty day simple moving average is $47.58 and its 200 day simple moving average is $53.17. The firm has a market capitalization of $8.89 billion, a PE ratio of 5.73 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.60 EPS. On average, sell-side analysts anticipate that HF Sinclair will post 3.69 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.32%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Nordea Investment Management AB increased its holdings in HF Sinclair by 424.5% during 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of HF Sinclair by 9.3% in the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after buying an additional 1,549,091 shares during the last quarter. Cetera Advisors LLC bought a new stake in HF Sinclair during the 1st quarter worth about $1,146,000. Oppenheimer & Co. Inc. lifted its position in shares of HF Sinclair by 99.4% during the first quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock worth $2,287,000 after purchasing an additional 18,886 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of HF Sinclair in the first quarter valued at approximately $3,891,000. 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.