HF Sinclair (NYSE:DINO) Upgraded to "Outperform" at Mizuho

Mizuho upgraded shares of HF Sinclair (NYSE:DINO - Free Report) from a neutral rating to an outperform rating in a report published on Tuesday morning, Marketbeat Ratings reports. Mizuho currently has $47.00 target price on the stock, up from their prior target price of $40.00.

A number of other equities analysts also recently issued reports on DINO. Morgan Stanley lowered their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company lowered their target price on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a report on Friday, May 2nd. TD Cowen lifted their target price on HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a report on Friday, May 2nd. Scotiabank lowered their target price on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Piper Sandler lowered their target price on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.30.

HF Sinclair Trading Down 1.7%

Shares of DINO traded down $0.62 during mid-day trading on Tuesday, reaching $36.61. 2,216,298 shares of the company were exchanged, compared to its average volume of 2,467,479. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $58.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The stock has a market capitalization of $6.90 billion, a PE ratio of 44.65 and a beta of 0.81. The business has a 50 day simple moving average of $31.33 and a two-hundred day simple moving average of $35.33.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. 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 company earned $0.71 earnings per share. The firm's revenue was down 9.3% compared to the same quarter last year. On average, analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.46%. HF Sinclair's dividend payout ratio is -259.74%.

Insider Activity

In other news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the company. United Services Automobile Association purchased a new position in shares of HF Sinclair during the first quarter valued at approximately $328,000. Caxton Associates LLP purchased a new position in shares of HF Sinclair during the first quarter valued at approximately $370,000. Goldman Sachs Group Inc. boosted its position in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company's stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Kestra Investment Management LLC boosted its position in shares of HF Sinclair by 61.7% during the first quarter. Kestra Investment Management LLC now owns 18,992 shares of the company's stock valued at $624,000 after buying an additional 7,245 shares during the last quarter. Finally, Palo Duro Investment Partners LP boosted its position in shares of HF Sinclair by 18.0% during the first quarter. Palo Duro Investment Partners LP now owns 10,498 shares of the company's stock valued at $345,000 after buying an additional 1,599 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

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.