Barclays Cuts HF Sinclair (NYSE:DINO) Price Target to $35.00

HF Sinclair (NYSE:DINO) had its price target reduced by Barclays from $37.00 to $35.00 in a research report released on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

DINO has been the subject of a number of other research reports. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. JPMorgan Chase & Co. cut their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho dropped their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and a consensus price target of $47.10.

HF Sinclair Trading Up 4.3 %

Shares of DINO opened at $32.36 on Friday. HF Sinclair has a twelve month low of $29.85 and a twelve month high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $35.50 and its 200-day simple moving average is $39.68. The company has a market cap of $6.10 billion, a P/E ratio of 39.47 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, analysts expect that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.18%. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were purchased at an average price of $33.77 per share, with a total value of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 10,635 shares of company stock valued at $367,140. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Institutional investors have recently bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in HF Sinclair during the 4th quarter worth $31,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair during the 4th quarter valued at about $32,000. EverSource Wealth Advisors LLC raised its stake in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after buying an additional 327 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in HF Sinclair by 68.0% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock worth $48,000 after acquiring an additional 558 shares in the last quarter. 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.