HF Sinclair (NYSE:DINO) Price Target Cut to $51.00

HF Sinclair (NYSE:DINO) had its price target cut by JPMorgan Chase & Co. from $60.00 to $51.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other brokerages have also recently weighed in on DINO. Argus upgraded shares of HF Sinclair to a hold rating in a report on Wednesday, June 26th. Barclays boosted their price target on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an equal weight rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their price objective on HF Sinclair from $60.00 to $54.00 and set an overweight rating on the stock in a research note on Tuesday, September 3rd. UBS Group lowered their target price on HF Sinclair from $73.00 to $70.00 and set a buy rating for the company in a research note on Tuesday, August 13th. Finally, Piper Sandler cut their price target on HF Sinclair from $58.00 to $49.00 and set an overweight rating on the stock in a report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of Moderate Buy and a consensus price target of $57.82.

HF Sinclair Trading Down 2.0 %

DINO opened at $46.74 on Wednesday. HF Sinclair has a 52 week low of $43.88 and a 52 week high of $64.16. 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 business has a fifty day simple moving average of $46.89 and a 200-day simple moving average of $52.28. The firm has a market cap of $8.98 billion, a P/E ratio of 5.78 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 1st. The company reported $0.78 EPS 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 analysts’ expectations 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 period last year, the business posted $2.60 EPS. On average, equities analysts expect that HF Sinclair will post 2.84 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.28%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. US Bancorp DE boosted its holdings in shares of HF Sinclair by 16.4% in the 4th quarter. US Bancorp DE now owns 14,930 shares of the company’s stock valued at $830,000 after buying an additional 2,107 shares in the last quarter. Treasurer of the State of North Carolina boosted its stake in HF Sinclair by 3.2% in the fourth quarter. Treasurer of the State of North Carolina now owns 72,260 shares of the company’s stock valued at $4,015,000 after acquiring an additional 2,227 shares in the last quarter. California State Teachers Retirement System grew its holdings in shares of HF Sinclair by 16.4% during the fourth quarter. California State Teachers Retirement System now owns 300,942 shares of the company’s stock worth $16,723,000 after purchasing an additional 42,470 shares during the last quarter. Rafferty Asset Management LLC grew its holdings in shares of HF Sinclair by 10.7% during the fourth quarter. Rafferty Asset Management LLC now owns 133,965 shares of the company’s stock worth $7,444,000 after purchasing an additional 12,957 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of HF Sinclair by 3.7% during the fourth quarter. Crossmark Global Holdings Inc. now owns 25,175 shares of the company’s stock worth $1,399,000 after purchasing an additional 897 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.