HF Sinclair (NYSE:DINO) Price Target Raised to $38.00

HF Sinclair (NYSE:DINO) had its price objective upped by Wells Fargo & Company from $34.00 to $38.00 in a report published on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

DINO has been the topic of a number of other research reports. TD Cowen increased their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research report on Friday, May 2nd. Scotiabank lowered their price target on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research report on Friday, April 11th. Piper Sandler lowered their price target on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Mizuho upgraded HF Sinclair from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $43.70.

HF Sinclair Stock Up 1.1%

HF Sinclair stock opened at $39.08 on Wednesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business’s 50-day simple moving average is $33.28 and its two-hundred day simple moving average is $34.61. The company has a market cap of $7.36 billion, a PE ratio of 47.66 and a beta of 0.90. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $54.48.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, beating the consensus estimate of ($0.41) by $0.14. The business had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The company’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. Equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend was Thursday, May 15th. HF Sinclair’s dividend payout ratio is currently -259.74%.

Hedge Funds Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Intrua Financial LLC boosted its holdings in HF Sinclair by 23.1% in the 1st quarter. Intrua Financial LLC now owns 12,079 shares of the company’s stock valued at $397,000 after purchasing an additional 2,266 shares in the last quarter. Focus Partners Wealth boosted its holdings in HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares in the last quarter. United Services Automobile Association purchased a new stake in HF Sinclair in the 1st quarter valued at approximately $328,000. Caxton Associates LLP purchased a new stake in HF Sinclair in the 1st quarter valued at approximately $370,000. Finally, Goldman Sachs Group Inc. boosted its holdings in HF Sinclair by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after purchasing an additional 119,832 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.