HF Sinclair (NYSE:DINO) Given New $57.00 Price Target at Morgan Stanley

HF Sinclair (NYSE:DINO) had its target price reduced by Morgan Stanley from $63.00 to $57.00 in a research report released on Monday morning, Benzinga reports. They currently have an overweight rating on the stock.

DINO has been the topic of a number of other reports. Wolfe Research assumed coverage on HF Sinclair in a research note on Thursday, July 18th. They set a peer perform rating on the stock. JPMorgan Chase & Co. lifted their target price on HF Sinclair from $59.00 to $60.00 and gave the stock a neutral rating in a research note on Monday, August 19th. UBS Group lowered their target price on HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a research note on Tuesday, August 13th. 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. Finally, Wells Fargo & Company lowered their price objective on HF Sinclair from $60.00 to $54.00 and set an overweight rating on the stock in a research note on Tuesday, September 3rd. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $60.55.

HF Sinclair Price Performance

DINO opened at $47.23 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of 5.85 and a beta of 1.18. The firm’s fifty day moving average price is $47.62 and its two-hundred day moving average price is $53.23. HF Sinclair has a 1 year low of $44.07 and a 1 year high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion for the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business posted $2.60 EPS. As a group, analysts anticipate that HF Sinclair will post 3.69 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Wednesday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 4.23%. The ex-dividend date was Wednesday, August 21st. HF Sinclair’s dividend payout ratio is presently 24.75%.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the stock. Rise Advisors LLC bought a new stake in shares of HF Sinclair during the first quarter valued at about $26,000. Riverview Trust Co bought a new stake in shares of HF Sinclair during the 1st quarter valued at about $31,000. Principal Securities Inc. purchased a new position in shares of HF Sinclair during the fourth quarter worth about $30,000. Pingora Partners LLC bought a new position in shares of HF Sinclair in the fourth quarter worth approximately $35,000. Finally, Innealta Capital LLC purchased a new stake in HF Sinclair in the second quarter valued at approximately $34,000. 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.