HF Sinclair (NYSE:DINO) PT Lowered to $57.00

HF Sinclair (NYSE:DINO) had its target price trimmed by Morgan Stanley from $63.00 to $57.00 in a report issued on Monday morning, Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other research firms have also issued reports on DINO. Barclays boosted their price objective on HF Sinclair from $51.00 to $53.00 and gave the company an equal weight rating in a research note on Monday, August 5th. Piper Sandler decreased their target price on HF Sinclair from $65.00 to $58.00 and set an overweight rating on the stock in a research note on Friday, June 14th. Mizuho decreased their target price on HF Sinclair from $55.00 to $53.00 and set a neutral rating on the stock in a research note on Monday. Wolfe Research assumed coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a peer perform rating on the stock. Finally, UBS Group decreased their target price on HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a research note on Tuesday, August 13th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $60.55.

HF Sinclair Stock Performance

NYSE:DINO opened at $45.30 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. HF Sinclair has a 52-week low of $44.07 and a 52-week high of $64.16. The firm has a market cap of $8.70 billion, a price-to-earnings ratio of 5.61 and a beta of 1.18. The business’s fifty day moving average is $47.70 and its 200 day moving average is $53.39.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. During the same period in the previous year, the company posted $2.60 EPS. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. Research analysts predict that HF Sinclair will post 3.69 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 4.42%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC bought a new position in shares of HF Sinclair during the 2nd quarter valued at about $2,921,000. Sanctuary Advisors LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at about $3,523,000. Teachers Retirement System of The State of Kentucky boosted its holdings in HF Sinclair by 5.6% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 52,688 shares of the company’s stock valued at $2,811,000 after acquiring an additional 2,800 shares during the period. Invst LLC boosted its holdings in HF Sinclair by 26.8% during the 2nd quarter. Invst LLC now owns 5,206 shares of the company’s stock valued at $278,000 after acquiring an additional 1,100 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in HF Sinclair by 18.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 29,706 shares of the company’s stock valued at $1,584,000 after acquiring an additional 4,627 shares during the period. 88.29% of the stock is currently owned by institutional investors.

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.