HF Sinclair (NYSE:DINO) Price Target Cut to $49.00 by Analysts at Piper Sandler

HF Sinclair (NYSE:DINO) had its target price cut by Piper Sandler from $58.00 to $49.00 in a report released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages also recently commented on DINO. Morgan Stanley decreased their target price on shares of HF Sinclair from $63.00 to $57.00 and set an overweight rating on the stock in a research note on Monday, September 16th. Wolfe Research began coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a peer perform rating for the company. JPMorgan Chase & Co. boosted their price target on HF Sinclair from $59.00 to $60.00 and gave the company a neutral rating in a report on Monday, August 19th. UBS Group cut their price objective on HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, August 13th. Finally, Argus upgraded HF Sinclair to a hold rating in a report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of Moderate Buy and a consensus price target of $59.73.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $45.74 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market cap of $8.79 billion, a PE ratio of 5.66 and a beta of 1.18. The company’s fifty day moving average is $47.53 and its 200 day moving average is $53.05. HF Sinclair has a 52 week low of $44.07 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.60 EPS. Research analysts anticipate that HF Sinclair will post 3.69 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.37%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DINO. Pacer Advisors Inc. grew its holdings in HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the period. Vanguard Group Inc. boosted its position in shares of HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares in the last quarter. Norges Bank purchased a new stake in shares of HF Sinclair in the 4th quarter worth approximately $65,774,000. AQR Capital Management LLC increased its position in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after buying an additional 997,629 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after buying an additional 660,978 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.