HF Sinclair (NYSE:DINO) Given New $56.00 Price Target at Barclays

HF Sinclair (NYSE:DINO) had its target price reduced by Barclays from $60.00 to $56.00 in a report published on Monday, Benzinga reports. Barclays currently has an equal weight rating on the stock.

Several other equities analysts have also recently weighed in on the company. Argus raised HF Sinclair to a hold rating in a research note on Wednesday, June 26th. Mizuho lowered their target price on HF Sinclair from $64.00 to $61.00 and set a neutral rating on the stock in a research note on Thursday, June 20th. Scotiabank lifted their price target on HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a report on Thursday, April 11th. Wells Fargo & Company reduced their price target on HF Sinclair from $76.00 to $75.00 and set an overweight rating for the company in a report on Thursday, June 6th. Finally, Piper Sandler reduced their price target on HF Sinclair from $65.00 to $58.00 and set an overweight rating for the company in a report on Friday, June 14th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of Moderate Buy and a consensus target price of $64.42.

HF Sinclair Trading Up 0.0 %

Shares of DINO opened at $53.36 on Monday. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. HF Sinclair has a 1-year low of $43.29 and a 1-year high of $64.16. The business’s 50-day moving average price is $54.95 and its 200 day moving average price is $56.54. The stock has a market capitalization of $10.25 billion, a P/E ratio of 6.62 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.16. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The company had revenue of $7.03 billion for the quarter, compared to analysts’ expectations of $7.54 billion. During the same quarter in the previous year, the business posted $2.00 EPS. The business’s revenue for the quarter was down 7.1% on a year-over-year basis. Analysts expect that HF Sinclair will post 5.64 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Stockholders of record on Wednesday, May 22nd were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.75%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 6,500 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the acquisition, the director now directly owns 138,293 shares in the company, valued at $7,933,869.41. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Rise Advisors LLC bought a new stake in shares of HF Sinclair during the first quarter valued at approximately $26,000. Principal Securities Inc. bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $30,000. Riverview Trust Co bought a new stake in shares of HF Sinclair during the first quarter valued at approximately $31,000. Pingora Partners LLC bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $35,000. Finally, Baystate Wealth Management LLC bought a new stake in shares of HF Sinclair during the fourth quarter valued at approximately $37,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.