HF Sinclair (NYSE:DINO) Earns Peer Perform Rating from Analysts at Wolfe Research

Wolfe Research began coverage on shares of HF Sinclair (NYSE:DINO) in a research note released on Thursday morning, MarketBeat Ratings reports. The brokerage issued a peer perform rating on the stock.

A number of other research firms also recently weighed in on DINO. Wells Fargo & Company dropped their target price on HF Sinclair from $75.00 to $61.00 and set an overweight rating for the company in a report on Friday, July 12th. Piper Sandler dropped their price objective 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. Mizuho cut their price objective on shares of HF Sinclair from $64.00 to $61.00 and set a neutral rating for the company in a report on Thursday, June 20th. Argus raised HF Sinclair to a hold rating in a report on Wednesday, June 26th. Finally, JPMorgan Chase & Co. reduced their target price on HF Sinclair from $61.00 to $59.00 and set a neutral rating on the stock in a report on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $62.67.

HF Sinclair Stock Down 2.2 %

Shares of DINO opened at $48.10 on Thursday. The firm has a market cap of $9.24 billion, a P/E ratio of 5.95 and a beta of 1.19. 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 52 week low of $46.55 and a 52 week high of $64.16. The firm’s 50-day simple moving average is $53.26 and its 200 day simple moving average is $55.91.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.55 by $0.16. The company had revenue of $7.03 billion for the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.00 earnings per share. On average, analysts forecast that HF Sinclair will post 4.77 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s dividend payout ratio is 24.75%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 6,500 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the purchase, the director now owns 138,293 shares in the company, valued at approximately $7,933,869.41. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.28% of the stock is owned by insiders.

Institutional Trading of HF Sinclair

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after buying an additional 696,031 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock worth $297,027,000 after purchasing an additional 98,477 shares during the period. Pacer Advisors Inc. grew its stake in shares of HF Sinclair by 55.0% in the fourth quarter. Pacer Advisors Inc. now owns 4,666,579 shares of the company’s stock worth $259,322,000 after purchasing an additional 1,656,704 shares during the last quarter. Principal Financial Group Inc. increased its holdings in HF Sinclair by 1.2% in the fourth quarter. Principal Financial Group Inc. now owns 1,455,962 shares of the company’s stock valued at $80,908,000 after purchasing an additional 17,934 shares during the period. Finally, Norges Bank bought a new position in HF Sinclair during the 4th quarter worth $65,774,000. 88.29% of the stock is 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.