HF Sinclair (NYSE:DINO) Upgraded at Wells Fargo & Company

Wells Fargo & Company upgraded shares of HF Sinclair (NYSE:DINO) to a hold rating in a research note released on Thursday,Zacks.com reports.

Other analysts have also recently issued reports about the company. TD Cowen boosted their price target on HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, August 1st. Piper Sandler boosted their price target on HF Sinclair from $51.00 to $59.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. The Goldman Sachs Group lifted their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Wolfe Research downgraded HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. Finally, Mizuho increased their price objective on HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $58.36.

HF Sinclair Stock Performance

NYSE DINO opened at $51.83 on Thursday. The firm’s fifty day moving average price is $50.50 and its two-hundred day moving average price is $41.88. The stock has a market cap of $9.70 billion, a PE ratio of -112.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $54.73.

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

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. HF Sinclair’s dividend payout ratio (DPR) is -434.78%.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair 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 completion of the transaction, the executive vice president directly owned 39,591 shares of the company’s stock, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Kiker Wealth Management LLC bought a new position in shares of HF Sinclair in the 2nd quarter worth about $32,000. Johnson Financial Group Inc. bought a new position in shares of HF Sinclair in the 2nd quarter worth about $33,000. West Oak Capital LLC bought a new stake in HF Sinclair in the 2nd quarter valued at about $38,000. State of Wyoming bought a new stake in HF Sinclair in the 2nd quarter valued at about $41,000. Finally, Hilltop National Bank bought a new stake in HF Sinclair in the 2nd quarter valued at about $46,000. 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.