HF Sinclair (NYSE:DINO) Price Target Raised to $66.00

HF Sinclair (NYSE:DINO) had its target price increased by Scotiabank from $61.00 to $66.00 in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have a sector outperform rating on the stock.

Several other research firms also recently issued reports on DINO. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of HF Sinclair in a research note on Wednesday. The Goldman Sachs Group upped their price objective on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of HF Sinclair in a research note on Tuesday, September 9th. Piper Sandler upped their price objective on HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Finally, UBS Group upped their target price on HF Sinclair from $58.00 to $63.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $56.09.

HF Sinclair Stock Performance

HF Sinclair stock opened at $50.57 on Thursday. The business has a 50 day moving average of $49.67 and a 200-day moving average of $41.23. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $54.73. 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 company has a market capitalization of $9.46 billion, a P/E ratio of -109.93 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last released 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 company had revenue of $6.78 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm posted $0.78 earnings per share. The firm’s revenue was down 13.5% compared to the same quarter last year. On average, equities research analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were issued a $0.50 dividend. The ex-dividend date was Thursday, August 21st. This represents a $2.00 annualized dividend and a yield of 4.0%. HF Sinclair’s dividend payout ratio is presently -434.78%.

Insider Activity

In other HF Sinclair 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 transaction of $467,830.00. Following the transaction, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.34% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Institutional investors and hedge funds have recently modified their holdings of the business. CWA Asset Management Group LLC bought a new position in shares of HF Sinclair during the 1st quarter worth approximately $421,000. Pacific Heights Asset Management LLC boosted its holdings in shares of HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company’s stock worth $7,891,000 after buying an additional 20,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HF Sinclair by 72.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company’s stock worth $1,684,000 after buying an additional 21,597 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of HF Sinclair by 2.2% during the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company’s stock worth $42,399,000 after buying an additional 27,764 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of HF Sinclair by 7.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company’s stock worth $4,354,000 after buying an additional 9,070 shares in the last quarter. 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.