HF Sinclair (NYSE:DINO) PT Raised to $60.00 at JPMorgan Chase & Co.

HF Sinclair (NYSE:DINO) had its price objective lifted by JPMorgan Chase & Co. from $59.00 to $60.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also commented on DINO. Piper Sandler reduced their price target on shares of HF Sinclair from $65.00 to $58.00 and set an overweight rating on the stock in a research report on Friday, June 14th. Argus upgraded shares of HF Sinclair to a hold rating in a research report on Wednesday, June 26th. Wolfe Research began coverage on shares of HF Sinclair in a research report on Thursday, July 18th. They set a peer perform rating on the stock. Mizuho reduced their target price on shares of HF Sinclair from $64.00 to $61.00 and set a neutral rating on the stock in a research report on Thursday, June 20th. Finally, Barclays upped their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the stock an equal weight rating in a research report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair presently has an average rating of Moderate Buy and a consensus target price of $62.55.

HF Sinclair Price Performance

NYSE:DINO opened at $47.35 on Monday. The firm has a market cap of $9.10 billion, a PE ratio of 5.86 and a beta of 1.19. HF Sinclair has a 12 month low of $44.09 and a 12 month high of $64.16. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The company’s 50-day moving average price is $49.73 and its two-hundred day moving average price is $54.83.

HF Sinclair (NYSE:DINO) last released its quarterly 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 firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.73%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.60 earnings per share. On average, equities analysts anticipate that HF Sinclair will post 3.85 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st will be given a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.22%. HF Sinclair’s dividend payout ratio is currently 24.75%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of HF Sinclair by 3.8% in the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after purchasing an additional 696,031 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after purchasing an additional 399,988 shares during the last quarter. AQR Capital Management LLC raised its stake in HF Sinclair by 54.9% during the 2nd 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 during the period. Finally, AustralianSuper Pty Ltd raised its stake in HF Sinclair by 15.3% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock worth $80,131,000 after buying an additional 199,881 shares during the period. 88.29% of the stock is currently owned by institutional investors.

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.