HF Sinclair (NYSE:DINO) Upgraded at Argus

Argus upgraded shares of HF Sinclair (NYSE:DINO) to a hold rating in a research note issued to investors on Wednesday morning, Zacks.com reports.

A number of other brokerages also recently issued reports on DINO. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an overweight rating on the stock in a research report on Thursday, June 6th. Scotiabank lifted their target price on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a sector outperform rating in a research note on Thursday, April 11th. Mizuho lowered their target price on shares of HF Sinclair from $64.00 to $61.00 and set a neutral rating for the company in a research note on Thursday, June 20th. Bank of America upgraded shares of HF Sinclair from a neutral rating to a buy rating and lifted their target price for the stock from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, Piper Sandler lowered their target price on shares of HF Sinclair from $65.00 to $58.00 and set an overweight rating for the company in a research note on Friday, June 14th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $64.75.

HF Sinclair Trading Up 1.1 %

NYSE DINO opened at $53.29 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The company has a market capitalization of $10.24 billion, a price-to-earnings ratio of 6.60 and a beta of 1.25. The company’s 50-day simple moving average is $54.95 and its two-hundred day simple moving average is $56.48. HF Sinclair has a one year low of $43.29 and a one year high of $64.16.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. The company’s quarterly revenue was down 7.1% compared to the same quarter last year. Equities analysts forecast that HF Sinclair will post 5.55 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 3.75%. The ex-dividend date of this dividend was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers bought 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the purchase, the director now directly owns 138,293 shares in the company, valued at approximately $7,933,869.41. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in HF Sinclair by 49.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 56,330 shares of the company’s stock worth $3,207,000 after acquiring an additional 18,734 shares in the last quarter. Mariner LLC increased its holdings in HF Sinclair by 93.7% in the 3rd quarter. Mariner LLC now owns 22,952 shares of the company’s stock worth $1,307,000 after acquiring an additional 11,103 shares in the last quarter. Federated Hermes Inc. increased its holdings in HF Sinclair by 6.8% in the 3rd quarter. Federated Hermes Inc. now owns 18,595 shares of the company’s stock worth $1,059,000 after acquiring an additional 1,182 shares in the last quarter. Natixis Advisors L.P. increased its holdings in HF Sinclair by 4.0% in the 3rd quarter. Natixis Advisors L.P. now owns 31,986 shares of the company’s stock worth $1,821,000 after acquiring an additional 1,238 shares in the last quarter. Finally, Profund Advisors LLC purchased a new stake in HF Sinclair in the 3rd quarter worth $224,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

About HF Sinclair

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.