HF Sinclair (NYSE:DINO) Price Target Raised to $63.00

HF Sinclair (NYSE:DINO) had its target price increased by Mizuho from $62.00 to $63.00 in a report issued on Friday morning, MarketBeat reports. They currently have an outperform rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. The Goldman Sachs Group upped their price target on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Morgan Stanley raised their price objective on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Scotiabank restated an “outperform” rating on shares of HF Sinclair in a report on Thursday, October 9th. Finally, Piper Sandler increased their target price on HF Sinclair from $59.00 to $64.00 and gave the stock a “neutral” rating in a report on Friday, November 14th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and an average target price of $60.20.

HF Sinclair Price Performance

HF Sinclair stock opened at $49.39 on Friday. The stock has a market capitalization of $9.09 billion, a price-to-earnings ratio of 23.63 and a beta of 0.84. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $56.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The stock’s 50 day moving average price is $52.65 and its two-hundred day moving average price is $47.99.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. HF Sinclair’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.51 EPS. On average, equities analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Wednesday, November 19th were issued a dividend of $0.50 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 annualized dividend and a yield of 4.0%. HF Sinclair’s dividend payout ratio is 95.69%.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently bought and sold shares of the company. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock valued at $163,951,000 after purchasing an additional 2,609,857 shares in the last quarter. Encompass Capital Advisors LLC purchased a new stake in HF Sinclair in the 2nd quarter valued at about $70,437,000. Price T Rowe Associates Inc. MD lifted its position in shares of HF Sinclair by 1,633.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after buying an additional 1,597,152 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after buying an additional 1,337,093 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after buying an additional 1,329,408 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other 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.