HF Sinclair’s (DINO) “Overweight” Rating Reiterated at Piper Sandler

Piper Sandler reiterated their overweight rating on shares of HF Sinclair (NYSE:DINO) in a report published on Friday morning,Benzinga reports. They currently have a $49.00 target price on the stock.

A number of other research analysts also recently commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Mizuho reduced their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, December 16th. TD Cowen reduced their target price 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. Finally, Barclays reduced their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a report on Monday, January 13th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $51.00.

HF Sinclair Stock Performance

Shares of DINO opened at $32.19 on Friday. The firm has a 50-day moving average of $35.85 and a 200-day moving average of $40.35. HF Sinclair has a one year low of $29.85 and a one year high of $64.16. The company has a market cap of $6.07 billion, a PE ratio of 39.26 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) 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 firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. As a group, equities analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 6.21%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s dividend payout ratio is currently 243.90%.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Atanas H. Atanasov bought 7,000 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 17,635 shares of company stock valued at $632,860 in the last quarter. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Siemens Fonds Invest GmbH acquired a new position in shares of HF Sinclair in the 4th quarter valued at approximately $98,000. Total Wealth Planning & Management Inc. acquired a new position in shares of HF Sinclair in the 4th quarter valued at approximately $348,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of HF Sinclair in the 4th quarter valued at approximately $7,146,000. Forum Financial Management LP raised its position in shares of HF Sinclair by 7.2% in the 4th quarter. Forum Financial Management LP now owns 6,345 shares of the company’s stock valued at $222,000 after buying an additional 424 shares in the last quarter. Finally, Toronto Dominion Bank increased its position in HF Sinclair by 6.7% during the 4th quarter. Toronto Dominion Bank now owns 21,838 shares of the company’s stock worth $765,000 after purchasing an additional 1,377 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.