HF Sinclair (NYSE:DINO) Upgraded at Raymond James Financial

Raymond James Financial upgraded shares of HF Sinclair (NYSE:DINO) from a market perform rating to a strong-buy rating in a research report released on Tuesday morning, MarketBeat.com reports. The firm currently has $54.00 price objective on the stock.

A number of other brokerages have also commented on DINO. TD Cowen raised their price objective on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, May 2nd. Scotiabank increased their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the stock a “sector outperform” rating in a research report on Friday, July 11th. Mizuho raised shares of HF Sinclair from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Wells Fargo & Company boosted their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 11th. Finally, Piper Sandler reduced their price target on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.45.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $43.71 on Tuesday. The company has a market capitalization of $8.23 billion, a PE ratio of -56.76 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.76 and a current ratio of 1.87. The stock has a fifty day moving average of $39.53 and a 200-day moving average of $35.53. HF Sinclair has a one year low of $24.66 and a one year high of $52.88.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. The business had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. HF Sinclair’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter last year, the company posted $0.71 EPS. As a group, equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair’s payout ratio is -259.74%.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Southeastern Asset Management Inc. TN acquired a new position in HF Sinclair in the 4th quarter worth $96,344,000. AQR Capital Management LLC lifted its holdings in shares of HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after buying an additional 2,609,857 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in HF Sinclair by 1,633.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after buying an additional 1,597,152 shares in the last quarter. Balyasny Asset Management L.P. raised its position in shares of HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock valued at $64,525,000 after buying an additional 1,593,875 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of HF Sinclair by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after buying an additional 1,337,093 shares during the last quarter. 88.29% of the stock is owned by institutional investors.

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.