HF Sinclair (NYSE:DINO) Price Target Raised to $63.00

HF Sinclair (NYSE:DINO) had its price target lifted by UBS Group from $58.00 to $63.00 in a research note issued to investors on Thursday, MarketBeat reports. They currently have a buy rating on the stock.

Several other research analysts also recently commented on DINO. Raymond James Financial reissued a “strong-buy” rating on shares of HF Sinclair in a research note on Tuesday, September 9th. Wall Street Zen raised shares of HF Sinclair from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Barclays boosted their price target on shares of HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Mizuho raised their price objective on HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a research note on Monday, September 15th. Finally, Scotiabank lifted their price objective on HF Sinclair from $49.00 to $61.00 and gave the stock a “sector outperform” rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and a consensus price target of $55.64.

HF Sinclair Trading Down 0.4%

NYSE DINO opened at $51.66 on Thursday. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock’s 50-day simple moving average is $48.88 and its two-hundred day simple moving average is $40.59. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $54.73. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of -112.30 and a beta of 1.00.

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

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Thursday, August 21st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s dividend payout ratio is -434.78%.

Insider Activity

In related 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 transaction of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.34% of the stock is owned by insiders.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds have recently made changes to their positions in DINO. ProShare Advisors LLC raised its holdings in shares of HF Sinclair by 4.2% during the second quarter. ProShare Advisors LLC now owns 7,101 shares of the company’s stock valued at $292,000 after acquiring an additional 287 shares in the last quarter. Bank of Montreal Can increased its position in HF Sinclair by 1.3% during the 2nd quarter. Bank of Montreal Can now owns 22,788 shares of the company’s stock valued at $936,000 after purchasing an additional 290 shares during the period. IFP Advisors Inc raised its holdings in HF Sinclair by 21.4% in the 2nd quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock worth $71,000 after purchasing an additional 299 shares in the last quarter. Louisiana State Employees Retirement System lifted its position in shares of HF Sinclair by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company’s stock worth $1,853,000 after purchasing an additional 300 shares during the period. Finally, Harbour Investments Inc. boosted its stake in shares of HF Sinclair by 15.0% during the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after purchasing an additional 310 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.