HF Sinclair (NYSE:DINO) Trading 3.5% Higher

Shares of HF Sinclair Co. (NYSE:DINO) rose 3.5% during trading on Friday . The company traded as high as $49.24 and last traded at $49.16. Approximately 1,140,646 shares traded hands during trading, a decline of 42% from the average daily volume of 1,963,820 shares. The stock had previously closed at $47.48.

Analysts Set New Price Targets

A number of analysts have recently issued reports on DINO shares. UBS Group cut their price target on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Barclays lifted their target price on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Piper Sandler lowered their price target on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Wolfe Research began coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company lowered their target price on shares of HF Sinclair from $61.00 to $60.00 and set an “overweight” rating for the company in a research note on Friday, August 2nd. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $62.55.

HF Sinclair Stock Performance

The firm has a market capitalization of $9.44 billion, a price-to-earnings ratio of 6.05 and a beta of 1.19. The firm has a 50 day moving average price of $49.27 and a 200-day moving average price of $54.48. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter last year, the business posted $2.60 EPS. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, sell-side analysts expect that HF Sinclair Co. will post 3.85 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Wednesday, August 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rise Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at $26,000. Principal Securities Inc. purchased a new position in shares of HF Sinclair during the fourth quarter worth about $30,000. Riverview Trust Co acquired a new stake in shares of HF Sinclair during the first quarter worth about $31,000. Innealta Capital LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at about $34,000. Finally, Pingora Partners LLC acquired a new stake in shares of HF Sinclair in the 4th quarter valued at about $35,000. 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.