HF Sinclair (NYSE:DINO) Lowered to “Equal Weight” Rating by Wells Fargo & Company

Wells Fargo & Company lowered shares of HF Sinclair (NYSE:DINO) from an overweight rating to an equal weight rating in a research report report published on Monday morning, MarketBeat reports. They currently have $45.00 price target on the stock, down from their previous price target of $53.00.

Other analysts have also recently issued reports about the stock. BMO Capital Markets reduced their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Barclays decreased their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a report on Monday, November 11th. Mizuho cut their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. UBS Group decreased their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Piper Sandler cut their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.45.

HF Sinclair Stock Performance

Shares of DINO opened at $38.96 on Monday. The company has a market capitalization of $7.33 billion, a PE ratio of 23.89 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company’s 50 day moving average price is $42.40 and its 200 day moving average price is $46.88. HF Sinclair has a 52 week low of $38.25 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period in the prior year, the business posted $4.06 earnings per share. HF Sinclair’s revenue for the quarter was down 19.1% compared to the same quarter last year. Research analysts expect that HF Sinclair will post 2.31 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.13%. The ex-dividend date was Thursday, November 21st. HF Sinclair’s payout ratio is presently 123.46%.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the purchase, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This represents a 3.56 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.28% of the stock is owned by company insiders.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacer Advisors Inc. boosted its holdings in HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after purchasing an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC grew its position in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after acquiring an additional 997,629 shares during the period. Squarepoint Ops LLC raised its stake in HF Sinclair by 90.2% during the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company’s stock worth $45,315,000 after acquiring an additional 402,793 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after acquiring an additional 399,988 shares during the period. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at $12,001,000. Institutional investors 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.