JPMorgan Chase & Co. Cuts HF Sinclair (NYSE:DINO) Price Target to $50.00

HF Sinclair (NYSE:DINO) had its price target lowered by JPMorgan Chase & Co. from $51.00 to $50.00 in a report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other research firms have also recently commented on DINO. BMO Capital Markets cut their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Morgan Stanley reduced their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Mizuho decreased their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Barclays lowered their price target on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research note on Monday, November 11th. Finally, 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 note on Friday, September 20th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $53.45.

HF Sinclair Trading Down 2.0 %

Shares of DINO stock opened at $38.16 on Tuesday. HF Sinclair has a 12 month low of $37.90 and a 12 month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $42.29 and its two-hundred day moving average is $46.83. The company has a market cap of $7.18 billion, a PE ratio of 23.56 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter last year, the company posted $4.06 earnings per share. The company’s revenue for the quarter was down 19.1% compared to the same quarter last year. Equities analysts predict that HF Sinclair will post 2.31 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 5.24%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is 123.46%.

Insider Activity

In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Matrix Trust Co increased its holdings in shares of HF Sinclair by 122.4% in 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 in the last quarter. Capital Performance Advisors LLP bought a new position in HF Sinclair in the third quarter valued at approximately $27,000. Innealta Capital LLC bought a new position in HF Sinclair in the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV boosted its stake in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after acquiring an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp bought a new position in HF Sinclair in the third quarter valued at approximately $50,000. Institutional investors own 88.29% of the company’s stock.

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.