HF Sinclair (NYSE:DINO) Price Target Cut to $65.00 by Analysts at Mizuho

HF Sinclair (NYSE:DINO) had its price target lowered by Mizuho from $66.00 to $65.00 in a report published on Monday morning, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other brokerages have also commented on DINO. Wells Fargo & Company upped their price target on HF Sinclair from $64.00 to $67.00 and gave the stock an overweight rating in a report on Thursday, February 22nd. Bank of America upgraded shares of HF Sinclair from a neutral rating to a buy rating and upped their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Piper Sandler raised their price target on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an overweight rating in a research report on Friday, April 5th. UBS Group raised shares of HF Sinclair from a neutral rating to a buy rating and upped their price objective for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. Finally, Barclays began coverage on HF Sinclair in a research report on Monday, February 26th. They set an equal weight rating and a $60.00 target price on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, HF Sinclair has an average rating of Moderate Buy and an average price target of $65.42.

HF Sinclair Price Performance

NYSE DINO opened at $57.04 on Monday. HF Sinclair has a 1 year low of $37.12 and a 1 year high of $64.16. The company has a fifty day simple moving average of $59.19 and a 200 day simple moving average of $56.20. The company has a current ratio of 2.22, a quick ratio of 1.16 and a debt-to-equity ratio of 0.27. The company has a market cap of $11.25 billion, a P/E ratio of 6.87 and a beta of 1.28.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a return on equity of 17.61% and a net margin of 4.97%. The company had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same period last year, the business posted $2.97 earnings per share. The firm’s revenue was down 14.7% compared to the same quarter last year. On average, sell-side analysts predict that HF Sinclair will post 6.34 EPS for the current year.

HF Sinclair Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 5th. Investors of record on Monday, February 26th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend was Friday, February 23rd. This is an increase from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s dividend payout ratio (DPR) is 24.10%.

Insiders Place Their Bets

In related news, Director Manuel J. Fernandez sold 1,213 shares of the stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Franklin Myers acquired 4,180 shares of the stock in a transaction on Monday, February 26th. The stock was purchased at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the transaction, the director now owns 131,793 shares of the company’s stock, valued at approximately $7,767,879.42. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the transaction, the director now owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the stock. Gotham Asset Management LLC increased its stake in shares of HF Sinclair by 7.4% in the 3rd quarter. Gotham Asset Management LLC now owns 109,546 shares of the company’s stock valued at $6,236,000 after buying an additional 7,547 shares during the period. UBS Group AG increased its position in HF Sinclair by 26.2% in the third quarter. UBS Group AG now owns 413,679 shares of the company’s stock worth $23,551,000 after purchasing an additional 85,993 shares during the period. Spirit of America Management Corp NY bought a new stake in HF Sinclair during the 4th quarter worth about $1,093,000. Nordea Investment Management AB raised its holdings in HF Sinclair by 127.9% during the 4th quarter. Nordea Investment Management AB now owns 34,915 shares of the company’s stock worth $1,940,000 after purchasing an additional 19,595 shares during the last quarter. Finally, Qube Research & Technologies Ltd acquired a new position in HF Sinclair during the 3rd quarter valued at about $12,135,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.