Barclays Cuts HF Sinclair (NYSE:DINO) Price Target to $56.00

HF Sinclair (NYSE:DINO) had its target price decreased by Barclays from $60.00 to $56.00 in a report released on Monday morning, Benzinga reports. Barclays currently has an equal weight rating on the stock.

DINO has been the topic of several other research reports. Scotiabank increased their price target on HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a report on Thursday, April 11th. Wells Fargo & Company lowered their target price on HF Sinclair from $76.00 to $75.00 and set an overweight rating on the stock in a report on Thursday, June 6th. Bank of America upgraded shares of HF Sinclair from a neutral rating to a buy rating and increased their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Mizuho lowered their price target on HF Sinclair from $64.00 to $61.00 and set a neutral rating on the stock in a research note on Thursday, June 20th. Finally, Argus raised HF Sinclair to a hold rating in a report on Wednesday, June 26th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $64.25.

HF Sinclair Stock Down 1.1 %

NYSE:DINO opened at $53.00 on Monday. The business’s fifty day moving average price is $54.71 and its 200 day moving average price is $56.48. The firm has a market capitalization of $10.18 billion, a price-to-earnings ratio of 6.56 and a beta of 1.20. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. HF Sinclair has a 1-year low of $43.29 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Wednesday, May 8th. The company reported $0.71 EPS for the quarter, beating 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 business had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same period in the previous year, the company posted $2.00 EPS. HF Sinclair’s revenue was down 7.1% on a year-over-year basis. On average, sell-side analysts forecast that HF Sinclair will post 5.64 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 6,500 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were acquired at an average price of $57.37 per share, with a total value of $372,905.00. Following the completion of the transaction, the director now directly owns 138,293 shares in the company, valued at approximately $7,933,869.41. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Unison Advisors LLC increased its position in HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after acquiring an additional 179 shares during the period. Capital Advisors Wealth Management LLC boosted its stake in shares of HF Sinclair by 2.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after buying an additional 190 shares during the period. King Luther Capital Management Corp grew its position in HF Sinclair by 0.3% during the fourth quarter. King Luther Capital Management Corp now owns 64,018 shares of the company’s stock worth $3,557,000 after buying an additional 194 shares in the last quarter. Poehling Capital Management INC. increased its stake in HF Sinclair by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after acquiring an additional 203 shares during the period. Finally, Blue Trust Inc. raised its holdings in HF Sinclair by 30.9% in the 4th quarter. Blue Trust Inc. now owns 950 shares of the company’s stock valued at $54,000 after acquiring an additional 224 shares in the last quarter. 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.