HF Sinclair (NYSE:DINO) Given New $51.00 Price Target at Barclays

HF Sinclair (NYSE:DINO) had its price objective trimmed by Barclays from $56.00 to $51.00 in a research report sent to investors on Wednesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also commented on DINO. Argus raised shares of HF Sinclair to a hold rating in a report on Wednesday, June 26th. JPMorgan Chase & Co. decreased their price objective on shares of HF Sinclair from $61.00 to $59.00 and set a neutral rating on the stock in a report on Tuesday, July 2nd. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an overweight rating on the stock in a report on Thursday, June 6th. Piper Sandler decreased their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an overweight rating on the stock in a report on Friday, June 14th. Finally, Scotiabank upped their target price on shares of HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a research report on Thursday, April 11th. Five research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus target price of $62.67.

HF Sinclair Stock Up 0.2 %

DINO opened at $48.17 on Wednesday. The firm’s 50-day simple moving average is $53.85 and its 200-day simple moving average is $56.11. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. HF Sinclair has a twelve month low of $45.63 and a twelve month high of $64.16. The firm has a market cap of $9.26 billion, a price-to-earnings ratio of 5.96 and a beta of 1.19.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 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 analyst estimates of $7.54 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The company’s revenue was down 7.1% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair will post 5.07 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.15%. HF Sinclair’s dividend payout ratio is 24.75%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the transaction, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

Several hedge funds have recently bought and sold shares of DINO. Rise Advisors LLC acquired a new stake in HF Sinclair during the 1st quarter worth approximately $26,000. Principal Securities Inc. acquired a new stake in HF Sinclair during the 4th quarter worth approximately $30,000. Riverview Trust Co acquired a new stake in HF Sinclair during the 1st quarter worth approximately $31,000. Pingora Partners LLC bought a new position in shares of HF Sinclair during the 4th quarter worth approximately $35,000. Finally, Baystate Wealth Management LLC bought a new position in shares of HF Sinclair during the 4th quarter worth approximately $37,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.