HF Sinclair (NYSE:DINO) Price Target Increased to $72.00 by Analysts at Mizuho

HF Sinclair (NYSE:DINO) had its target price boosted by Mizuho from $63.00 to $72.00 in a research report released on Monday, MarketBeat reports. Mizuho currently has a neutral rating on the stock.

Other research analysts have also issued research reports about the stock. Piper Sandler increased their target price on shares of HF Sinclair from $63.00 to $70.00 in a research note on Friday, August 4th. UBS Group raised their price objective on shares of HF Sinclair from $53.00 to $58.00 and gave the company a neutral rating in a research note on Monday, August 7th. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $60.00 to $68.00 and gave the company an overweight rating in a research note on Friday, September 8th. The Goldman Sachs Group raised their price objective on shares of HF Sinclair from $56.00 to $63.00 and gave the company a buy rating in a research note on Tuesday, August 8th. Finally, Morgan Stanley reissued an overweight rating and issued a $70.00 price objective on shares of HF Sinclair in a research note on Wednesday, July 19th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of Hold and an average price target of $63.67.

HF Sinclair Price Performance

HF Sinclair stock opened at $60.36 on Monday. HF Sinclair has a 12-month low of $37.12 and a 12-month high of $66.19. The stock has a market cap of $11.11 billion, a P/E ratio of 5.12, a PEG ratio of 0.92 and a beta of 1.39. The company has a 50-day moving average price of $54.36 and a 200 day moving average price of $48.31. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 3rd. The company reported $2.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.33. HF Sinclair had a net margin of 6.87% and a return on equity of 24.58%. The firm had revenue of $7.83 billion during the quarter, compared to analysts’ expectations of $7.38 billion. Sell-side analysts anticipate that HF Sinclair will post 9.37 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 6th. Investors of record on Thursday, August 17th were paid a $0.45 dividend. The ex-dividend date was Wednesday, August 16th. This represents a $1.80 dividend on an annualized basis and a yield of 2.98%. HF Sinclair’s dividend payout ratio is currently 15.28%.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in HF Sinclair by 2.4% during the second quarter. BlackRock Inc. now owns 15,396,848 shares of the company’s stock worth $686,853,000 after purchasing an additional 357,510 shares in the last quarter. Vanguard Group Inc. raised its holdings in HF Sinclair by 4.0% during the third quarter. Vanguard Group Inc. now owns 14,799,193 shares of the company’s stock worth $796,789,000 after purchasing an additional 571,178 shares in the last quarter. Capital World Investors raised its holdings in HF Sinclair by 8.7% during the second quarter. Capital World Investors now owns 13,584,421 shares of the company’s stock worth $606,001,000 after purchasing an additional 1,088,227 shares in the last quarter. State Street Corp acquired a new stake in HF Sinclair during the first quarter worth approximately $308,240,000. Finally, Dimensional Fund Advisors LP raised its holdings in HF Sinclair by 2.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,155,341 shares of the company’s stock worth $229,976,000 after purchasing an additional 126,016 shares in the last quarter. Institutional investors and hedge funds own 89.15% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.