HF Sinclair (NYSE:DINO) Price Target Cut to $53.00

HF Sinclair (NYSE:DINO) had its price target decreased by BMO Capital Markets from $57.00 to $53.00 in a research note released on Friday, Benzinga reports. BMO Capital Markets currently has an outperform rating on the stock.

DINO has been the topic of a number of other research reports. Wells Fargo & Company cut their price target on shares of HF Sinclair from $60.00 to $54.00 and set an overweight rating on the stock in a research note on Tuesday, September 3rd. Barclays lifted their target price on HF Sinclair from $51.00 to $53.00 and gave the company an equal weight rating in a report on Monday, August 5th. Wolfe Research began coverage on HF Sinclair in a research note on Thursday, July 18th. They set a peer perform rating for the company. Mizuho cut their price objective on HF Sinclair from $55.00 to $53.00 and set a neutral rating on the stock in a report on Monday, September 16th. Finally, Morgan Stanley decreased their target price on HF Sinclair from $63.00 to $57.00 and set an overweight rating for the company in a report on Monday, September 16th. Six equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $57.00.

HF Sinclair Trading Down 0.0 %

Shares of DINO stock opened at $46.73 on Friday. The company has a market capitalization of $8.98 billion, a price-to-earnings ratio of 5.79 and a beta of 1.16. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a 50-day moving average price of $46.89 and a 200 day moving average price of $52.22. HF Sinclair has a twelve month low of $43.88 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.60 earnings per share. Research analysts forecast that HF Sinclair will post 2.84 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Wednesday, August 21st were paid a $0.50 dividend. The ex-dividend date was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.28%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently added to or reduced their stakes in DINO. Vanguard Group Inc. lifted its holdings in HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after acquiring an additional 696,031 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after purchasing an additional 399,988 shares during the last quarter. AQR Capital Management LLC boosted its position in 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, AustralianSuper Pty Ltd grew its stake in HF Sinclair by 15.3% during the 2nd quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock worth $80,131,000 after buying an additional 199,881 shares during the last quarter. 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.