Barclays Issues Positive Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its price objective increased by Barclays from $45.00 to $54.00 in a research note published on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

A number of other brokerages have also recently weighed in on DINO. Wolfe Research cut shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a research note on Monday, July 14th. Wall Street Zen raised shares of HF Sinclair from a “hold” rating to a “buy” rating in a research note on Saturday, August 2nd. Scotiabank lifted 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 note on Friday, July 11th. UBS Group set a $54.00 target price on shares of HF Sinclair in a research note on Wednesday. Finally, Morgan Stanley lifted their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. One 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.83.

HF Sinclair Trading Down 0.7%

Shares of DINO opened at $51.98 on Wednesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The firm has a 50 day simple moving average of $48.55 and a 200-day simple moving average of $40.30. HF Sinclair has a 1-year low of $24.66 and a 1-year high of $54.73. The stock has a market cap of $9.72 billion, a price-to-earnings ratio of -112.99 and a beta of 1.07.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data 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. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The business had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.93 billion. During the same period last year, the company posted $0.78 EPS. The company’s revenue was down 13.5% on a year-over-year basis. Equities analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

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

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the business’s stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares of the company’s stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by corporate insiders.

Institutional Trading of HF Sinclair

Several institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake 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 valued at $269,142,000 after buying an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of HF Sinclair by 5.0% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after acquiring an additional 298,735 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after acquiring an additional 2,609,857 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of HF Sinclair by 1.0% during the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock valued at $118,969,000 after acquiring an additional 27,548 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its holdings in shares of HF Sinclair by 1.5% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock valued at $83,638,000 after acquiring an additional 36,592 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other 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.