HF Sinclair (NYSE:DINO) Stock Price Up 3.5%

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

Wall Street Analysts Forecast Growth

DINO has been the topic of several analyst reports. 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 report on Monday, August 5th. UBS Group decreased their price objective on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research note on Tuesday, August 13th. Wolfe Research assumed coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. boosted their target price on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, August 19th. Finally, Argus raised HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $62.55.

HF Sinclair Stock Performance

The firm has a fifty day moving average of $49.19 and a 200-day moving average of $54.41. 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 firm has a market cap of $9.44 billion, a P/E ratio of 6.08 and a beta of 1.19.

HF Sinclair (NYSE:DINO) last issued its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The firm had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. During the same quarter last year, the business earned $2.60 earnings per share. The company’s revenue was up .2% compared to the same quarter last year. Research analysts predict that HF Sinclair Co. will post 3.85 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

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

Institutional Trading of HF Sinclair

A number of institutional investors have recently made changes to their positions in DINO. Teachers Retirement System of The State of Kentucky grew its holdings in shares of HF Sinclair by 5.6% in 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 in the last quarter. Invst LLC boosted its position in HF Sinclair by 26.8% during the second quarter. Invst LLC now owns 5,206 shares of the company’s stock valued at $278,000 after purchasing an additional 1,100 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in HF Sinclair by 18.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 29,706 shares of the company’s stock valued at $1,584,000 after purchasing an additional 4,627 shares in the last quarter. Creative Planning increased its position in shares of HF Sinclair by 41.2% during the 2nd quarter. Creative Planning now owns 47,419 shares of the company’s stock worth $2,529,000 after purchasing an additional 13,837 shares during the last quarter. Finally, Scientech Research LLC raised its stake in shares of HF Sinclair by 287.4% during the 2nd quarter. Scientech Research LLC now owns 20,295 shares of the company’s stock worth $1,083,000 after purchasing an additional 15,056 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

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.