Piper Sandler Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO - Free Report) had its target price trimmed by Piper Sandler from $46.00 to $40.00 in a report published on Friday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other research analysts have also issued reports on the company. Mizuho dropped their price objective on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. TD Cowen lifted their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a report on Friday. Scotiabank decreased their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research note on Friday, April 11th. Wells Fargo & Company boosted their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, March 21st. Finally, Morgan Stanley dropped their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of "Hold" and a consensus price target of $42.30.

HF Sinclair Stock Performance

Shares of DINO traded up $0.74 on Friday, reaching $32.75. 4,719,864 shares of the stock traded hands, compared to its average volume of 2,436,043. The stock's 50-day moving average price is $31.00 and its 200-day moving average price is $35.76. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a market cap of $6.17 billion, a price-to-earnings ratio of 39.94 and a beta of 0.81. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $58.73.

HF Sinclair (NYSE:DINO - Get Free Report) last released 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 net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period last year, the firm earned $0.71 EPS. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. Equities analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date is Thursday, May 15th. HF Sinclair's dividend payout ratio is currently -259.74%.

Insiders Place Their Bets

In other news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired 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 in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.34% of the company's stock.

Institutional Trading of HF Sinclair

A number of institutional investors have recently modified their holdings of the stock. Southeastern Asset Management Inc. TN bought a new position in HF Sinclair in the fourth quarter valued at approximately $96,344,000. Balyasny Asset Management L.P. increased its stake 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 valued at $64,525,000 after purchasing an additional 1,593,875 shares during the last quarter. Norges Bank acquired a new position in shares of HF Sinclair during the 4th quarter worth $41,317,000. Thompson Siegel & Walmsley LLC lifted its position in shares of HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after buying an additional 1,126,825 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after buying an additional 1,096,485 shares in 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.