HF Sinclair (NYSE:DINO) Price Target Raised to $69.00 at Mizuho

HF Sinclair (NYSE:DINO) had its price target increased by Mizuho from $63.00 to $69.00 in a report published on Tuesday,Benzinga reports. Mizuho currently has an outperform rating on the stock.

Several other equities analysts have also recently commented on DINO. BMO Capital Markets lowered their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. TD Cowen increased their price target on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a report on Thursday, February 19th. Piper Sandler dropped their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research note on Thursday, February 19th. Morgan Stanley set a $57.00 target price on shares of HF Sinclair in a research report on Thursday, February 19th. Finally, Scotiabank lowered HF Sinclair from a “sector outperform” rating to a “sector perform” rating and lowered their price target for the company from $62.00 to $53.00 in a research note on Wednesday, February 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $59.27.

HF Sinclair Price Performance

NYSE DINO opened at $58.42 on Tuesday. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $59.33. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The company’s 50 day simple moving average is $53.07 and its 200 day simple moving average is $52.03. The firm has a market capitalization of $10.53 billion, a PE ratio of 19.03 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the previous year, the firm earned ($1.02) EPS. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Hedge Funds Weigh In On HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. V Square Quantitative Management LLC bought a new stake in HF Sinclair during the 4th quarter worth about $26,000. Quent Capital LLC acquired a new stake in HF Sinclair during the 3rd quarter valued at $28,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $29,000. Johnson Financial Group Inc. bought a new stake in shares of HF Sinclair during the second quarter worth approximately $33,000. Finally, Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair in the 4th quarter valued at $36,000. 88.29% of the stock is owned by institutional investors and hedge funds.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.