HF Sinclair (NYSE:DINO) Price Target Raised to $59.00 at Piper Sandler

Key Points

• Piper Sandler has raised its price target for HF Sinclair (NYSE:DINO) from $51.00 to $59.00, indicating a potential upside of 15.03% based on the stock's last closing price.
• HF Sinclair reported quarterly earnings of $1.70 per share, exceeding analysts' consensus estimates of $1.09, although revenue fell short of expectations at $6.78 billion.
• Currently, HF Sinclair holds an average rating of "Moderate Buy", with one Strong Buy, five Buy ratings, five Holds, and one Sell rating from analysts.

HF Sinclair (NYSE:DINO - Free Report) had its price target raised by Piper Sandler from $51.00 to $59.00 in a report released on Thursday, MarketBeat.com reports. Piper Sandler currently has a neutral rating on the stock.

DINO has been the topic of several other research reports. UBS Group increased their price objective on shares of HF Sinclair from $51.00 to $58.00 and gave the stock a "buy" rating in a research note on Tuesday, August 26th. Wall Street Zen upgraded shares of HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Mizuho upped their price objective on HF Sinclair from $50.00 to $52.00 and gave the company an "outperform" rating in a report on Friday, August 8th. Morgan Stanley raised their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday, September 9th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, HF Sinclair presently has a consensus rating of "Moderate Buy" and an average target price of $52.55.

HF Sinclair Stock Up 1.9%

Shares of HF Sinclair stock traded up $0.99 during trading on Thursday, reaching $52.63. The company had a trading volume of 1,095,574 shares, compared to its average volume of 2,857,661. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $53.33. The firm's fifty day moving average is $46.58 and its 200-day moving average is $38.65. The company has a market cap of $9.85 billion, a price-to-earnings ratio of -114.30 and a beta of 1.07.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The firm had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the previous year, the company earned $0.78 earnings per share. HF Sinclair's quarterly revenue was down 13.5% on a year-over-year basis. On average, analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair's dividend payout ratio (DPR) is presently -434.78%.

Insiders Place Their Bets

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares of the company's stock, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

Several large investors have recently modified their holdings of DINO. Kiker Wealth Management LLC bought a new stake in HF Sinclair during the second quarter valued at about $32,000. Johnson Financial Group Inc. bought a new stake in shares of HF Sinclair during the second quarter valued at approximately $33,000. Byrne Asset Management LLC acquired a new position in shares of HF Sinclair in the 1st quarter valued at $35,000. West Oak Capital LLC bought a new position in HF Sinclair during the second quarter worth about $38,000. Finally, Allworth Financial LP lifted its position in shares of HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after buying an additional 1,130 shares during the period. 88.29% of the stock is 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.