HF Sinclair (NYSE:DINO) Stock Price Expected to Rise, Piper Sandler Analyst Says

HF Sinclair (NYSE:DINO - Free Report) had its target price lifted by Piper Sandler from $43.00 to $53.00 in a report released on Tuesday,Benzinga reports. Piper Sandler currently has an overweight rating on the stock.

A number of other equities research analysts also recently commented on DINO. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday. Mizuho upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Wells Fargo & Company lifted their target price on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. TD Cowen lifted their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Finally, Raymond James Financial upgraded HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 target price on the stock in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and a consensus target price of $48.45.

HF Sinclair Trading Up 0.9%

HF Sinclair stock traded up $0.38 during trading on Tuesday, reaching $43.25. 352,597 shares of the company were exchanged, compared to its average volume of 2,564,934. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $52.88. The company has a market capitalization of $8.15 billion, a P/E ratio of -56.16 and a beta of 0.93. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The stock's 50 day simple moving average is $39.34 and its two-hundred day simple moving average is $35.47.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The firm had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same quarter last year, the business posted $0.71 earnings per share. The firm's revenue was down 9.3% compared to the same quarter last year. On average, equities research analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, May 15th. This represents a $2.00 annualized dividend and a yield of 4.62%. HF Sinclair's payout ratio is -259.74%.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently bought and sold shares of the business. Southeastern Asset Management Inc. TN purchased a new stake in HF Sinclair during the 4th quarter valued at approximately $96,344,000. AQR Capital Management LLC grew its holdings in shares of HF Sinclair by 109.8% in the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock worth $163,951,000 after acquiring an additional 2,609,857 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of HF Sinclair by 1,633.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock worth $55,730,000 after acquiring an additional 1,597,152 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after acquiring an additional 1,593,875 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the period. Hedge funds and other institutional investors 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.