HF Sinclair (NYSE:DINO) Price Target Raised to $130.00

HF Sinclair (NYSE:DINO) had its target price upped by Morgan Stanley from $127.00 to $130.00 in a research report released on Monday morning,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

Other equities analysts also recently issued research reports about the company. Wells Fargo & Company lifted their price target on HF Sinclair from $93.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. Mizuho increased their price objective on HF Sinclair from $85.00 to $119.00 and gave the stock a “neutral” rating in a research note on Thursday, October 8th. The Goldman Sachs Group raised their target price on HF Sinclair from $114.00 to $142.00 and gave the company a “buy” rating in a report on Friday, October 9th. Piper Sandler assumed coverage on HF Sinclair in a report on Tuesday, October 27th. They issued an “overweight” rating and a $152.00 target price on the stock. Finally, Barclays lifted their target price on HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a research report on Monday, October 12th. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $116.00.

HF Sinclair Stock Down 7.8%

Shares of NYSE DINO opened at $104.50 on Monday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 1.40. The company has a 50-day moving average price of $112.78 and a 200-day moving average price of $79.10. The stock has a market capitalization of $17.91 billion, a P/E ratio of 5.98 and a beta of 0.73. HF Sinclair has a 1 year low of $45.71 and a 1 year high of $129.37.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share for the quarter, topping analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a net margin of 10.12% and a return on equity of 32.95%. The company had revenue of $10.86 billion for the quarter, compared to analyst estimates of $8.89 billion. During the same quarter in the prior year, the business posted $2.44 EPS. The firm’s revenue was up 49.7% compared to the same quarter last year. On average, equities research analysts forecast that HF Sinclair will post 22.02 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 2nd. Shareholders of record on Thursday, November 12th will be given a $0.5250 dividend. The ex-dividend date of this dividend is Thursday, November 12th. This represents a $2.10 annualized dividend and a yield of 2.0%. HF Sinclair’s payout ratio is currently 10.65%.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at about $1,291,602,000. Counterpoint Mutual Funds LLC bought a new stake in shares of HF Sinclair during the 3rd quarter valued at about $9,191,000. Amundi grew its holdings in shares of HF Sinclair by 12.7% during the second quarter. Amundi now owns 309,993 shares of the company’s stock worth $21,591,000 after purchasing an additional 35,049 shares in the last quarter. Energy Income Partners LLC purchased a new position in shares of HF Sinclair during the second quarter worth about $5,210,000. Finally, State of Wyoming purchased a new position in shares of HF Sinclair during the second quarter worth about $859,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.