Barclays Cuts HF Sinclair (NYSE:DINO) Price Target to $44.00

HF Sinclair (NYSE:DINO) had its target price lowered by Barclays from $53.00 to $44.00 in a research note published on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Other equities analysts have also issued reports about the company. Mizuho reduced their target price on HF Sinclair from $55.00 to $53.00 and set a neutral rating for the company in a report on Monday, September 16th. Argus upgraded HF Sinclair to a hold rating in a research note on Wednesday, June 26th. Piper Sandler lowered their target price on HF Sinclair from $58.00 to $49.00 and set an overweight rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $60.00 to $51.00 and set a neutral rating for the company in a research report on Wednesday, October 2nd. Finally, UBS Group lowered their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, August 13th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $55.82.

HF Sinclair Trading Up 2.2 %

Shares of HF Sinclair stock opened at $45.92 on Monday. The company has a market capitalization of $8.82 billion, a P/E ratio of 5.68 and a beta of 1.16. The stock has a fifty day simple moving average of $46.56 and a 200 day simple moving average of $51.95. HF Sinclair has a 12-month low of $43.88 and a 12-month high of $64.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the prior year, the business posted $2.60 EPS. The business’s revenue was up .2% compared to the same quarter last year. On average, sell-side analysts anticipate that HF Sinclair will post 2.84 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid 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 4.36%. HF Sinclair’s dividend payout ratio is 24.75%.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors have recently made changes to their positions in DINO. Vanguard Group Inc. raised its stake in shares of HF Sinclair by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares during the period. Pacer Advisors Inc. increased its position in shares of HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after buying an additional 2,868,273 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after buying an additional 399,988 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in shares of HF Sinclair by 15.3% in the second quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock valued at $80,131,000 after acquiring an additional 199,881 shares during the period. 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.