HF Sinclair (NYSE:DINO) Price Target Cut to $70.00

HF Sinclair (NYSE:DINO) had its price target trimmed by UBS Group from $73.00 to $70.00 in a report published on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities research analysts have also recently commented on DINO. Mizuho cut their target price 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. JPMorgan Chase & Co. decreased their price target on HF Sinclair from $61.00 to $59.00 and set a neutral rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company dropped their price objective on HF Sinclair from $61.00 to $60.00 and set an overweight rating on the stock in a research note on Friday, August 2nd. Wolfe Research initiated coverage on shares of HF Sinclair in a report on Thursday, July 18th. They set a peer perform rating on the stock. Finally, Piper Sandler lowered their target price on HF Sinclair from $65.00 to $58.00 and set an overweight rating on the stock in a research note on Friday, June 14th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of Moderate Buy and a consensus price target of $62.45.

HF Sinclair Trading Up 2.0 %

Shares of NYSE:DINO opened at $48.44 on Tuesday. The firm has a market cap of $9.31 billion, a price-to-earnings ratio of 6.00 and a beta of 1.19. HF Sinclair has a 12 month low of $44.09 and a 12 month high of $64.16. The company’s fifty day simple moving average is $50.23 and its 200 day simple moving average is $55.13. 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 (NYSE:DINO) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business posted $2.60 EPS. As a group, research analysts forecast that HF Sinclair will post 3.85 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.13%. The ex-dividend date is Wednesday, August 21st. HF Sinclair’s dividend payout ratio is currently 24.75%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The shares were acquired at an average cost of $57.37 per share, with a total value of $372,905.00. Following the completion of the purchase, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. increased its holdings in shares of HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after buying an additional 2,868,273 shares in the last quarter. Vanguard Group Inc. increased its holdings in HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares in the last quarter. Norges Bank bought a new position in HF Sinclair in the fourth quarter valued at about $65,774,000. AQR Capital Management LLC raised its position in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its stake in shares of HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 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.