HF Sinclair (NYSE:DINO) Price Target Raised to $44.00

HF Sinclair (NYSE:DINO) had its price target upped by Wells Fargo & Company from $42.00 to $44.00 in a report released on Friday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

DINO has been the subject of a number of other research reports. Morgan Stanley decreased their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research report on Friday, March 7th. Mizuho decreased their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. TD Cowen reduced 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. Finally, Barclays reduced their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average target price of $47.00.

HF Sinclair Stock Performance

HF Sinclair stock opened at $33.54 on Friday. The company has a market capitalization of $6.32 billion, a P/E ratio of 40.90 and a beta of 1.13. The business has a 50 day moving average of $35.38 and a 200-day moving average of $39.17. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair has a 1 year low of $29.85 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, equities research analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Investors of record on Thursday, March 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.96%. The ex-dividend date of this dividend was Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling

In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in shares of HF Sinclair by 58.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 29,633 shares of the company’s stock worth $1,039,000 after purchasing an additional 10,909 shares during the period. Hara Capital LLC bought a new stake in shares of HF Sinclair during the 4th quarter worth $122,000. Siemens Fonds Invest GmbH bought a new stake in shares of HF Sinclair during the 4th quarter worth $98,000. Total Wealth Planning & Management Inc. bought a new stake in shares of HF Sinclair during the 4th quarter worth $348,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of HF Sinclair during the 4th quarter worth $7,146,000. 88.29% of the stock is currently 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.