HF Sinclair (NYSE:DINO) Price Target Cut to $65.00 by Analysts at Mizuho

HF Sinclair (NYSE:DINO - Free Report) had its price objective decreased by Mizuho from $66.00 to $65.00 in a research report report published on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other analysts have also commented on the stock. Scotiabank lifted their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a research report on Thursday. Barclays started coverage on HF Sinclair in a research note on Monday, February 26th. They issued an equal weight rating and a $60.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of HF Sinclair from $64.00 to $67.00 and gave the company an overweight rating in a report on Thursday, February 22nd. UBS Group upgraded HF Sinclair from a neutral rating to a buy rating and boosted their price objective for the company from $64.00 to $73.00 in a report on Wednesday, February 14th. Finally, Bank of America raised shares of HF Sinclair from a neutral rating to a buy rating and raised their price target for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $65.42.

HF Sinclair Price Performance

Shares of NYSE:DINO traded down $1.04 during midday trading on Monday, hitting $58.96. The company had a trading volume of 1,411,815 shares, compared to its average volume of 2,200,649. The business's 50-day simple moving average is $59.15 and its 200-day simple moving average is $56.18. The stock has a market cap of $11.62 billion, a price-to-earnings ratio of 7.23 and a beta of 1.28. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.22 and a quick ratio of 1.16. HF Sinclair has a twelve month low of $37.12 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The firm had revenue of $7.66 billion for the quarter, compared to analysts' expectations of $8.05 billion. During the same quarter in the previous year, the company posted $2.97 EPS. The company's revenue was down 14.7% compared to the same quarter last year. On average, research analysts predict that HF Sinclair will post 6.46 earnings per share for the current year.

HF Sinclair Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Stockholders of record on Monday, February 26th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.39%. This is a boost from HF Sinclair's previous quarterly dividend of $0.45. The ex-dividend date was Friday, February 23rd. HF Sinclair's payout ratio is presently 24.10%.

Insiders Place Their Bets

In related news, Director Franklin Myers acquired 4,180 shares of HF Sinclair stock in a transaction on Monday, February 26th. The stock was purchased at an average cost of $58.94 per share, with a total value of $246,369.20. Following the purchase, the director now directly owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Franklin Myers bought 4,180 shares of HF Sinclair stock in a transaction dated Monday, February 26th. The stock was bought at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the purchase, the director now owns 131,793 shares of the company's stock, valued at $7,767,879.42. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Valerie Pompa sold 7,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the transaction, the executive vice president now directly owns 29,617 shares of the company's stock, valued at $1,703,866.01. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. Gotham Asset Management LLC grew its position in HF Sinclair by 7.4% during the third quarter. Gotham Asset Management LLC now owns 109,546 shares of the company's stock worth $6,236,000 after buying an additional 7,547 shares during the period. UBS Group AG boosted its position in HF Sinclair by 26.2% during the third quarter. UBS Group AG now owns 413,679 shares of the company's stock worth $23,551,000 after purchasing an additional 85,993 shares in the last quarter. Spirit of America Management Corp NY acquired a new stake in HF Sinclair in the fourth quarter valued at $1,093,000. Nordea Investment Management AB raised its stake in shares of HF Sinclair by 127.9% during the 4th quarter. Nordea Investment Management AB now owns 34,915 shares of the company's stock worth $1,940,000 after buying an additional 19,595 shares during the last quarter. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of HF Sinclair in the 3rd quarter worth about $12,135,000. Institutional investors and hedge funds 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.