HF Sinclair (NYSE:DINO) Price Target Lowered to $50.00 at Morgan Stanley

HF Sinclair (NYSE:DINO) had its price target decreased by Morgan Stanley from $51.00 to $50.00 in a report released on Friday,Benzinga reports. Morgan Stanley currently has an overweight rating on the stock.

A number of other equities analysts have also commented on the stock. TD Cowen cut their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Mizuho cut their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. JPMorgan Chase & Co. decreased 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. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $47.10.

HF Sinclair Trading Up 4.3 %

Shares of DINO stock opened at $32.36 on Friday. HF Sinclair has a 1 year low of $29.85 and a 1 year high of $64.16. The company’s fifty day simple moving average is $35.50 and its two-hundred day simple moving average is $39.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market capitalization of $6.10 billion, a price-to-earnings ratio of 39.47 and a beta of 1.13.

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

HF Sinclair Dividend Announcement

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

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 5,000 shares of the business’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $33.77 per share, with a total value of $168,850.00. Following the purchase, the chief financial officer now owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This trade represents a 6.76 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders have bought 10,635 shares of company stock valued at $367,140. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Several hedge funds have recently added to or reduced their stakes in DINO. JPMorgan Chase & Co. increased its holdings in shares of HF Sinclair by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after buying an additional 33,373 shares during the period. Amundi grew its position in HF Sinclair by 132.3% during the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after acquiring an additional 996,155 shares during the last quarter. Aigen Investment Management LP increased its stake in HF Sinclair by 124.9% in the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock worth $2,216,000 after purchasing an additional 35,121 shares during the period. Merit Financial Group LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $263,000. Finally, Blue Trust Inc. boosted its stake in shares of HF Sinclair by 57.9% during the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after purchasing an additional 2,655 shares during the period. 88.29% of the stock is 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.