HF Sinclair (NYSE:DINO) Price Target Cut to $60.00 by Analysts at Wells Fargo & Company

HF Sinclair (NYSE:DINO) had its target price cut by Wells Fargo & Company from $61.00 to $60.00 in a research note released on Friday, Benzinga reports. They currently have an overweight rating on the stock.

DINO has been the subject of a number of other research reports. Mizuho lowered their target price on HF Sinclair from $64.00 to $61.00 and set a neutral rating for the company in a report on Thursday, June 20th. Wolfe Research started coverage on HF Sinclair in a report on Thursday, July 18th. They set a peer perform rating for the company. Barclays lowered their target price on HF Sinclair from $56.00 to $51.00 and set an equal weight rating for the company in a report on Wednesday, July 10th. JPMorgan Chase & Co. lowered their target price on HF Sinclair from $61.00 to $59.00 and set a neutral rating for the company in a report on Tuesday, July 2nd. Finally, Scotiabank upped their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a sector outperform rating in a report on Thursday, April 11th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair has an average rating of Moderate Buy and an average price target of $62.75.

HF Sinclair Trading Up 1.3 %

Shares of NYSE DINO traded up $0.62 during trading hours on Friday, reaching $46.70. The stock had a trading volume of 755,384 shares, compared to its average volume of 1,970,107. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of 5.76 and a beta of 1.19. The business’s fifty day moving average price is $51.42 and its two-hundred day moving average price is $55.53. HF Sinclair has a 52-week low of $44.09 and a 52-week high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. HF Sinclair’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.60 earnings per share. Analysts expect 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. Investors of record on Wednesday, August 21st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 4.28%. The ex-dividend date of this dividend is Wednesday, August 21st. HF Sinclair’s payout ratio is 24.75%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers bought 6,500 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average cost of $57.37 per share, with a total value of $372,905.00. Following the transaction, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is owned by insiders.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds have recently made changes to their positions in the company. Rise Advisors LLC acquired a new stake in HF Sinclair during the 1st quarter worth about $26,000. Riverview Trust Co acquired a new stake in HF Sinclair during the 1st quarter worth about $31,000. Principal Securities Inc. acquired a new stake in HF Sinclair during the 4th quarter worth about $30,000. Pingora Partners LLC purchased a new stake in shares of HF Sinclair during the 4th quarter worth about $35,000. Finally, Innealta Capital LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter worth about $34,000. 88.29% of the stock is owned by institutional investors and hedge funds.

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.