Mizuho Cuts HF Sinclair (NYSE:DINO) Price Target to $50.00

HF Sinclair (NYSE:DINO) had its price objective reduced by Mizuho from $53.00 to $50.00 in a research report released on Thursday morning, Benzinga reports. They currently have a neutral rating on the stock.

Several other equities analysts have also recently issued reports on DINO. Piper Sandler lowered their price target on HF Sinclair from $58.00 to $49.00 and set an overweight rating on the stock in a research report on Friday, September 20th. Morgan Stanley lowered their target price on HF Sinclair from $63.00 to $57.00 and set an overweight rating on the stock in a report on Monday, September 16th. UBS Group dropped their price target on shares of HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a research report on Tuesday, August 13th. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a neutral rating for the company in a research report on Wednesday, October 2nd. Finally, Barclays dropped their target price on shares of HF Sinclair from $53.00 to $44.00 and set an equal weight rating on the stock in a report on Monday, October 7th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average target price of $55.82.

HF Sinclair Stock Performance

Shares of DINO opened at $45.88 on Thursday. The firm has a market capitalization of $8.75 billion, a PE ratio of 7.34 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $46.46 and a 200 day moving average price of $51.69. HF Sinclair has a 52-week low of $43.88 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last posted 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 net margin of 3.80% and a return on equity of 11.85%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period last year, the firm posted $2.60 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair will post 2.65 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 32.00%.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently bought and sold shares of the business. Rise Advisors LLC bought a new position in shares of HF Sinclair in the 1st quarter valued at approximately $26,000. Matrix Trust Co grew its holdings in HF Sinclair by 122.4% during the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock valued at $26,000 after purchasing an additional 317 shares during the last quarter. Riverview Trust Co acquired a new position in HF Sinclair during the first quarter valued at approximately $31,000. Innealta Capital LLC bought a new position in shares of HF Sinclair in the second quarter valued at approximately $34,000. Finally, Massmutual Trust Co. FSB ADV lifted its stake in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after buying an additional 370 shares during the last quarter. 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.