HF Sinclair (NYSE:DINO) Price Target Cut to $29.00 by Analysts at Barclays

HF Sinclair (NYSE:DINO - Free Report) had its price target lowered by Barclays from $35.00 to $29.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday, March 14th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. Scotiabank cut their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. TD Cowen reduced their price target on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company raised their price objective 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. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $45.10.

HF Sinclair Stock Down 1.4 %

Shares of DINO traded down $0.41 on Wednesday, hitting $28.62. The company's stock had a trading volume of 586,584 shares, compared to its average volume of 2,381,115. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 34.90 and a beta of 1.00. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $58.73. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm's fifty day moving average price is $32.35 and its 200-day moving average price is $36.78.

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

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 6.99%. HF Sinclair's dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On HF Sinclair

Large investors have recently bought and sold shares of the stock. Sugar Maple Asset Management LLC bought a new position in HF Sinclair in the 4th quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth $31,000. Lee Danner & Bass Inc. purchased a new stake in HF Sinclair during the 4th quarter worth about $32,000. EverSource Wealth Advisors LLC grew its stake in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new position in shares of HF Sinclair in the first quarter worth $35,000. 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.