HF Sinclair (NYSE:DINO) Price Target Raised to $50.00 at Morgan Stanley

HF Sinclair (NYSE:DINO - Free Report) had its price target upped by Morgan Stanley from $44.00 to $50.00 in a research report sent to investors on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also issued reports on the company. Mizuho raised HF Sinclair from a "neutral" rating to an "outperform" rating and upped their price target for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price target 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 upped their price target on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Wolfe Research lowered HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday. Finally, Barclays set a $43.00 price target on HF Sinclair and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $48.45.

HF Sinclair Stock Up 0.7%

Shares of HF Sinclair stock traded up $0.31 on Wednesday, hitting $44.03. 827,558 shares of the company's stock traded hands, compared to its average volume of 2,567,694. The stock has a market cap of $8.29 billion, a P/E ratio of -57.13 and a beta of 0.93. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. The firm's 50-day moving average is $39.53 and its 200 day moving average is $35.53. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $52.88.

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

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Shareholders of record on Thursday, May 15th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.54%. The ex-dividend date was Thursday, May 15th. HF Sinclair's dividend payout ratio is presently -259.74%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. CWA Asset Management Group LLC acquired a new stake in HF Sinclair during the 1st quarter worth about $421,000. Pacific Heights Asset Management LLC boosted its position in HF Sinclair by 9.1% during the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock worth $7,891,000 after acquiring an additional 20,000 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in HF Sinclair by 72.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock worth $1,684,000 after acquiring an additional 21,597 shares during the period. Norges Bank acquired a new stake in HF Sinclair during the 4th quarter worth about $41,317,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in HF Sinclair by 7.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock worth $4,354,000 after acquiring an additional 9,070 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

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.