HF Sinclair (NYSE:DINO) Stock Price Expected to Rise, Barclays Analyst Says

HF Sinclair (NYSE:DINO) had its target price boosted by Barclays from $45.00 to $54.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Several other analysts have also commented on the stock. TD Cowen lifted their price target on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, August 1st. Mizuho lifted their target price on shares of HF Sinclair from $52.00 to $60.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Piper Sandler lifted their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. UBS Group set a $54.00 target price on shares of HF Sinclair in a report on Wednesday. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a report on Tuesday, September 9th. 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 given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.64.

HF Sinclair Stock Down 0.4%

DINO stock opened at $51.66 on Wednesday. The firm has a market cap of $9.66 billion, a PE ratio of -112.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The firm’s 50 day moving average price is $48.88 and its 200-day moving average price is $40.55. HF Sinclair has a one year low of $24.66 and a one year high of $54.73.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results 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 negative net margin of 0.32% and a positive return on equity of 1.89%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.78 EPS. On average, equities research analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Valerie Pompa sold 11,000 shares of the company’s stock in a transaction dated Friday, August 1st. The shares were 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 directly owned 39,591 shares of the company’s stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.34% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently made changes to their positions in the business. ProShare Advisors LLC raised its holdings in shares of HF Sinclair by 4.2% in the second quarter. ProShare Advisors LLC now owns 7,101 shares of the company’s stock valued at $292,000 after buying an additional 287 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of HF Sinclair by 1.3% in the second quarter. Bank of Montreal Can now owns 22,788 shares of the company’s stock valued at $936,000 after buying an additional 290 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of HF Sinclair by 21.4% in the second quarter. IFP Advisors Inc now owns 1,694 shares of the company’s stock valued at $71,000 after buying an additional 299 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of HF Sinclair by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the company’s stock valued at $1,853,000 after buying an additional 300 shares during the last quarter. Finally, Harbour Investments Inc. raised its holdings in shares of HF Sinclair by 15.0% in the first quarter. Harbour Investments Inc. now owns 2,380 shares of the company’s stock valued at $78,000 after buying an additional 310 shares during 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.