HF Sinclair (NYSE:DINO) PT Lowered to $49.00 at Piper Sandler

HF Sinclair (NYSE:DINO) had its target price decreased by Piper Sandler from $58.00 to $49.00 in a report released on Friday, Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

DINO has been the topic of a number of other research reports. Wells Fargo & Company reduced their target price on HF Sinclair from $60.00 to $54.00 and set an overweight rating on the stock in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price target on HF Sinclair from $59.00 to $60.00 and gave the stock a neutral rating in a report on Monday, August 19th. Morgan Stanley cut their price target on HF Sinclair from $63.00 to $57.00 and set an overweight rating on the stock in a report on Monday, September 16th. UBS Group cut their price target on HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a report on Tuesday, August 13th. Finally, Argus raised HF Sinclair to a hold rating in a report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $59.73.

HF Sinclair Trading Down 2.1 %

NYSE:DINO opened at $46.25 on Friday. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $47.58 and its two-hundred day moving average is $53.13. HF Sinclair has a 52 week low of $44.07 and a 52 week high of $64.16. The company has a market cap of $8.89 billion, a PE ratio of 5.72 and a beta of 1.18.

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. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion for the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter last year, the business posted $2.60 EPS. HF Sinclair’s quarterly revenue was up .2% compared to the same quarter last year. On average, analysts predict that HF Sinclair will post 3.69 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, August 21st. HF Sinclair’s payout ratio is currently 24.75%.

Institutional Trading of HF Sinclair

Several hedge funds have recently added to or reduced their stakes in DINO. Pacer Advisors Inc. raised its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after acquiring an additional 2,868,273 shares in the last quarter. Vanguard Group Inc. increased its position in shares of HF Sinclair by 9.3% during 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. Norges Bank acquired a new position in shares of HF Sinclair during the 4th quarter valued at $65,774,000. AQR Capital Management LLC increased its position in shares of HF Sinclair by 54.9% during the 2nd 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 period. Finally, Janus Henderson Group PLC increased its position in shares of HF Sinclair by 15,066.7% during the 1st 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 during the period. Institutional investors own 88.29% of the company’s stock.

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.