HF Sinclair (NYSE:DINO) Upgraded to Hold at Argus

Argus upgraded shares of HF Sinclair (NYSE:DINO) to a hold rating in a research report released on Tuesday morning,Zacks.com reports.

DINO has been the subject of a number of other research reports. TD Cowen raised their price target on HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, February 19th. BMO Capital Markets reduced their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Barclays cut their target price on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 13th. Finally, Morgan Stanley set a $57.00 price target on shares of HF Sinclair in a research note on Thursday, February 19th. One equities research 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 stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average target price of $58.73.

HF Sinclair Stock Up 1.8%

NYSE DINO opened at $50.76 on Tuesday. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $59.33. The stock has a market capitalization of $9.34 billion, a PE ratio of 16.53 and a beta of 0.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The business’s 50-day moving average is $50.87 and its 200 day moving average is $51.20.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The business had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.HF Sinclair’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($1.02) EPS. Sell-side analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Monday, March 2nd will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, March 2nd. HF Sinclair’s dividend payout ratio (DPR) is presently 65.15%.

Institutional Trading of HF Sinclair

A number of hedge funds have recently made changes to their positions in DINO. V Square Quantitative Management LLC bought a new position in HF Sinclair during the 4th quarter valued at approximately $26,000. Quent Capital LLC bought a new position in shares of HF Sinclair during the third quarter valued at $28,000. REAP Financial Group LLC bought a new position in shares of HF Sinclair during the fourth quarter valued at $29,000. Johnson Financial Group Inc. purchased a new position in shares of HF Sinclair in the 2nd quarter worth about $33,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair in the second quarter worth approximately $41,000. 88.29% of the stock is owned by institutional investors.

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.