Wells Fargo & Company Issues Positive Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its target price raised by Wells Fargo & Company from $58.00 to $67.00 in a research report released on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Argus upgraded HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Barclays cut their target price on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. BMO Capital Markets decreased their price target on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday, February 23rd. Scotiabank upgraded shares of HF Sinclair to a “hold” rating in a report on Friday, March 27th. Finally, Morgan Stanley set a $57.00 price objective on shares of HF Sinclair in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $61.00.

HF Sinclair Stock Performance

Shares of DINO opened at $62.37 on Tuesday. HF Sinclair has a one year low of $24.66 and a one year high of $64.70. The company has a market cap of $11.24 billion, a PE ratio of 20.31 and a beta of 0.83. The stock has a 50-day moving average of $55.48 and a 200-day moving average of $52.73. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, March 2nd. HF Sinclair’s dividend payout ratio (DPR) is currently 65.15%.

Institutional Investors Weigh In On HF Sinclair

Institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC purchased a new position in HF Sinclair during the 4th quarter worth $26,000. Quent Capital LLC purchased a new stake in shares of HF Sinclair in the third quarter valued at about $28,000. REAP Financial Group LLC purchased a new stake in shares of HF Sinclair in the fourth quarter valued at about $29,000. Nalls Sherbakoff Group LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at about $36,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair during the second quarter valued at about $41,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

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.