HF Sinclair (NYSE:DINO) Given New $60.00 Price Target at Raymond James Financial

HF Sinclair (NYSE:DINO) had its target price increased by Raymond James Financial from $57.00 to $60.00 in a research note published on Tuesday,Benzinga reports. The firm currently has a strong-buy rating on the stock.

A number of other research analysts also recently issued reports on the stock. Wells Fargo & Company raised their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, June 11th. TD Cowen increased their price target on HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Wall Street Zen upgraded HF Sinclair from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Mizuho increased their price target on HF Sinclair from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Friday, August 8th. Finally, Barclays increased their price target on HF Sinclair from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $51.09.

HF Sinclair Trading Up 2.6%

Shares of NYSE DINO opened at $52.39 on Tuesday. The stock’s 50 day moving average price is $45.99 and its two-hundred day moving average price is $38.19. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $53.14. The stock has a market capitalization of $9.80 billion, a P/E ratio of -113.89 and a beta of 1.07. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm had revenue of $6.78 billion for the quarter, compared to analysts’ expectations of $6.93 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. HF Sinclair’s revenue for the quarter was down 13.5% compared to the same quarter last year. On average, analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio is -434.78%.

Insider Transactions at HF Sinclair

In related news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the transaction, the executive vice president directly owned 39,591 shares of the company’s stock, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently bought and sold shares of DINO. Osaic Holdings Inc. boosted its stake in HF Sinclair by 38.1% during the 2nd quarter. Osaic Holdings Inc. now owns 37,446 shares of the company’s stock valued at $1,471,000 after purchasing an additional 10,330 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in HF Sinclair by 87.6% during the 2nd quarter. Thrivent Financial for Lutherans now owns 70,892 shares of the company’s stock valued at $2,913,000 after purchasing an additional 33,100 shares in the last quarter. Advisory Services Network LLC boosted its stake in HF Sinclair by 2.1% during the 2nd quarter. Advisory Services Network LLC now owns 31,758 shares of the company’s stock valued at $1,395,000 after purchasing an additional 640 shares in the last quarter. State of Wyoming bought a new position in HF Sinclair during the 2nd quarter valued at $41,000. Finally, Delos Wealth Advisors LLC bought a new position in HF Sinclair during the 2nd quarter valued at $70,000. 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.