HF Sinclair (NYSE:DINO) Stock Rating Upgraded by Argus

Argus upgraded shares of HF Sinclair (NYSE:DINO) to a hold rating in a research report released on Wednesday, Zacks.com reports.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company reduced their price objective on shares of HF Sinclair from $76.00 to $75.00 and set an overweight rating on the stock in a research note on Thursday, June 6th. Mizuho cut their price target on shares of HF Sinclair from $64.00 to $61.00 and set a neutral rating on the stock in a research report on Thursday, June 20th. Scotiabank upped their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a research report on Thursday, April 11th. Bank of America raised shares of HF Sinclair from a neutral rating to a buy rating and upped their price target for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Finally, Piper Sandler cut their price target on shares of HF Sinclair from $65.00 to $58.00 and set an overweight rating on the stock in a research report on Friday, June 14th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $64.75.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $53.34 on Wednesday. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. HF Sinclair has a twelve month low of $43.29 and a twelve month high of $64.16. The stock has a market cap of $10.25 billion, a price-to-earnings ratio of 6.60 and a beta of 1.25. The company’s fifty day moving average is $54.95 and its 200 day moving average is $56.48.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the previous year, the firm posted $2.00 earnings per share. HF Sinclair’s revenue for the quarter was down 7.1% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair will post 5.64 EPS for the current year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of DINO. Dimensional Fund Advisors LP grew its stake in HF Sinclair by 1.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock valued at $297,027,000 after purchasing an additional 98,477 shares during the period. Vanguard Group Inc. grew its stake in HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock valued at $1,012,184,000 after purchasing an additional 1,549,091 shares during the period. Gotham Asset Management LLC grew its stake in HF Sinclair by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after purchasing an additional 7,547 shares during the period. California State Teachers Retirement System grew its stake in HF Sinclair by 16.4% in the 4th quarter. California State Teachers Retirement System now owns 300,942 shares of the company’s stock valued at $16,723,000 after purchasing an additional 42,470 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in HF Sinclair by 7.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 590,503 shares of the company’s stock valued at $32,814,000 after purchasing an additional 39,637 shares during the period. 88.29% of the stock is owned by hedge funds and other 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.