HF Sinclair (NYSE:DINO) Price Target Raised to $109.00 at The Goldman Sachs Group

HF Sinclair (NYSE:DINO) had its target price upped by The Goldman Sachs Group from $81.00 to $109.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently issued reports on DINO. Freedom Capital raised HF Sinclair to a “hold” rating in a research report on Friday, June 5th. UBS Group boosted their price target on HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. TD Cowen upped their price target on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Evercore started coverage on HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $79.08.

HF Sinclair Price Performance

DINO stock opened at $91.06 on Wednesday. HF Sinclair has a 1 year low of $42.16 and a 1 year high of $93.66. The company has a market cap of $16.41 billion, a P/E ratio of 13.69 and a beta of 0.72. The firm has a 50-day moving average of $72.98 and a 200 day moving average of $62.58. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same period in the prior year, the firm earned ($0.27) earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, sell-side analysts forecast that HF Sinclair will post 10.81 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Investors of record on Monday, May 11th were given a dividend of $0.50 per share. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.2%. HF Sinclair’s dividend payout ratio (DPR) is currently 30.08%.

Insider Activity

In related news, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director owned 16,543 shares of the company’s stock, valued at approximately $1,209,127.87. This trade represents a 3.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vivek Garg sold 717 shares of HF Sinclair stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This represents a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,736 shares of company stock valued at $954,694. Company insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently modified their holdings of the stock. Virtus Investment Advisers LLC lifted its position in HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock valued at $161,000 after acquiring an additional 195 shares during the last quarter. D.A. Davidson & CO. boosted its stake in HF Sinclair by 3.8% in the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after acquiring an additional 210 shares in the last quarter. Unison Advisors LLC grew its holdings in HF Sinclair by 0.9% in the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after purchasing an additional 218 shares during the last quarter. Parallel Advisors LLC grew its holdings in HF Sinclair by 4.9% in the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after purchasing an additional 221 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after purchasing an additional 228 shares during the last quarter. 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.