Scotiabank Cuts HF Sinclair (NYSE:DINO) Price Target to $49.00

HF Sinclair (NYSE:DINO - Free Report) had its target price decreased by Scotiabank from $51.00 to $49.00 in a research note published on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

Several other analysts also recently issued reports on the company. TD Cowen cut their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a report on Wednesday, December 18th. Wells Fargo & Company raised their target price on HF Sinclair from $42.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, March 21st. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research report on Friday, March 7th. Mizuho cut their price objective on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Barclays reduced their target price on shares of HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, HF Sinclair currently has a consensus rating of "Hold" and an average price target of $45.10.

HF Sinclair Stock Performance

DINO stock traded up $0.92 during trading on Friday, hitting $28.70. 633,090 shares of the company's stock traded hands, compared to its average volume of 2,373,165. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 35.03 and a beta of 1.00. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $58.74. The stock has a fifty day moving average price of $32.70 and a two-hundred day moving average price of $37.13. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. As a group, equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.97%. The ex-dividend date was Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds have recently made changes to their positions in DINO. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair during the fourth quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of HF Sinclair during the 4th quarter valued at $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair during the 4th quarter worth $32,000. EverSource Wealth Advisors LLC grew its holdings in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock worth $33,000 after acquiring an additional 327 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in shares of HF Sinclair during the first quarter worth $35,000. Institutional investors and hedge funds 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.