HF Sinclair (NYSE:DINO) Given New $37.00 Price Target at Barclays

HF Sinclair (NYSE:DINO) had its target price trimmed by Barclays from $42.00 to $37.00 in a report issued on Monday morning,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other research analysts have also recently weighed in on the stock. Piper Sandler lowered their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. UBS Group reduced their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Morgan Stanley decreased their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Finally, Mizuho reduced their price target on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $51.00.

HF Sinclair Stock Performance

Shares of DINO stock opened at $36.88 on Monday. The firm has a market capitalization of $6.94 billion, a PE ratio of 22.77 and a beta of 1.22. The company has a 50 day moving average price of $38.40 and a 200-day moving average price of $43.80. HF Sinclair has a 52 week low of $33.47 and a 52 week high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same quarter in the prior year, the company earned $4.06 earnings per share. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. As a group, equities research analysts expect that HF Sinclair will post 2.27 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 5.42%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s dividend payout ratio is presently 123.46%.

Insider Activity at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov purchased 5,000 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the purchase, the chief financial officer now directly owns 78,927 shares in the company, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders purchased 17,000 shares of company stock worth $628,370. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC lifted its position in HF Sinclair by 11.1% in the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after purchasing an additional 226 shares during the period. Matrix Trust Co boosted its stake in shares of HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HF Sinclair by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after purchasing an additional 367 shares during the last quarter. Massmutual Trust Co. FSB ADV boosted its position in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after acquiring an additional 370 shares during the last quarter. Finally, Signaturefd LLC increased its stake in HF Sinclair by 10.1% during the third quarter. Signaturefd LLC now owns 4,275 shares of the company’s stock worth $191,000 after acquiring an additional 392 shares during the last quarter. 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.