HF Sinclair (NYSE:DINO) Price Target Lowered to $49.00 at Scotiabank

HF Sinclair (NYSE:DINO) had its price target decreased by Scotiabank from $51.00 to $49.00 in a report released on Friday,Benzinga reports. Scotiabank currently has a sector outperform rating on the stock.

A number of other research analysts have also recently issued reports on DINO. Piper Sandler set a $46.00 price objective on HF Sinclair in a research note on Friday, March 7th. Mizuho reduced their price target on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Wells Fargo & Company boosted their price objective on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Morgan Stanley cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Finally, TD Cowen lowered their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a report on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $45.70.

HF Sinclair Stock Up 3.0 %

Shares of DINO opened at $27.73 on Friday. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $61.51. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a 50 day simple moving average of $33.26 and a two-hundred day simple moving average of $37.44. The firm has a market cap of $5.22 billion, a P/E ratio of 33.81 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. On average, analysts forecast 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 was paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a yield of 7.21%. HF Sinclair’s payout ratio is 243.90%.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position in shares of HF Sinclair by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock worth $240,026,000 after purchasing an additional 737,696 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in HF Sinclair by 12.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after buying an additional 617,218 shares during the last quarter. First Trust Advisors LP lifted its stake in shares of HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after buying an additional 1,096,485 shares in the last quarter. Southeastern Asset Management Inc. TN bought a new position in shares of HF Sinclair in the fourth quarter worth approximately $96,344,000. Finally, AQR Capital Management LLC grew its holdings in shares of HF Sinclair by 61.6% during the fourth quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock valued at $82,536,000 after buying an additional 906,225 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.