The Goldman Sachs Group Issues Positive Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its price target boosted by The Goldman Sachs Group from $54.00 to $61.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the stock.

A number of other equities research analysts also recently weighed in on the company. TD Cowen boosted their target price on HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, August 1st. Piper Sandler lifted their price objective on HF Sinclair from $51.00 to $59.00 and gave the stock a “neutral” rating in a research note on Thursday, September 11th. Scotiabank lifted their price objective on HF Sinclair from $49.00 to $61.00 and gave the stock a “sector outperform” rating in a research note on Friday, July 11th. Barclays lifted their price objective on HF Sinclair from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 9th. Finally, Wall Street Zen raised HF Sinclair from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $53.25.

HF Sinclair Trading Up 1.0%

DINO stock opened at $53.14 on Thursday. The company has a market cap of $9.94 billion, a P/E ratio of -115.52 and a beta of 1.07. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $53.33. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The business has a fifty day moving average of $47.03 and a 200-day moving average of $38.98.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, topping analysts’ consensus estimates of $1.09 by $0.61. The company had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm’s quarterly revenue was down 13.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.78 earnings per share. As a group, equities research analysts expect that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

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

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the business’s stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.34% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

A number of institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. raised its holdings in HF Sinclair by 38.1% during the second quarter. Osaic Holdings Inc. now owns 37,446 shares of the company’s stock worth $1,471,000 after acquiring an additional 10,330 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in HF Sinclair by 87.6% during the second quarter. Thrivent Financial for Lutherans now owns 70,892 shares of the company’s stock worth $2,913,000 after acquiring an additional 33,100 shares in the last quarter. Advisory Services Network LLC raised its holdings in HF Sinclair by 2.1% during the second quarter. Advisory Services Network LLC now owns 31,758 shares of the company’s stock worth $1,395,000 after acquiring an additional 640 shares in the last quarter. State of Wyoming bought a new stake in HF Sinclair during the second quarter worth about $41,000. Finally, Delos Wealth Advisors LLC bought a new stake in HF Sinclair during the second quarter worth about $70,000. 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.