HF Sinclair (NYSE:DINO) Price Target Raised to $67.00

HF Sinclair (NYSE:DINO) had its price target lifted by Wells Fargo & Company from $58.00 to $67.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts also recently weighed in on DINO. Scotiabank upgraded HF Sinclair to a “hold” rating in a research report on Friday, March 27th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research report on Friday, March 27th. Argus raised HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Piper Sandler lowered their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating on the stock in a research report on Thursday, February 19th. Finally, Wall Street Zen downgraded HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $61.00.

HF Sinclair Stock Down 0.4%

Shares of DINO stock opened at $60.69 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $64.70. The stock has a market cap of $10.94 billion, a P/E ratio of 19.77 and a beta of 0.70. The company has a 50 day simple moving average of $55.92 and a two-hundred day simple moving average of $52.85.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.37. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted ($1.02) EPS. On average, research analysts expect 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 was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.3%. HF Sinclair’s dividend payout ratio is 65.15%.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Convergence Investment Partners LLC purchased a new stake in HF Sinclair in the 3rd quarter worth $1,408,000. Citigroup Inc. grew its position in shares of HF Sinclair by 41.4% during the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock valued at $23,298,000 after purchasing an additional 130,338 shares in the last quarter. RWC Asset Management LLP grew its position in shares of HF Sinclair by 30.3% during the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock valued at $7,518,000 after purchasing an additional 33,394 shares in the last quarter. Diversified Trust Co increased its holdings in shares of HF Sinclair by 211.5% in the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock worth $2,382,000 after purchasing an additional 30,901 shares during the last quarter. Finally, Pacific Heights Asset Management LLC increased its holdings in shares of HF Sinclair by 16.7% in the third quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the company’s stock worth $18,319,000 after purchasing an additional 50,000 shares during the last quarter. Institutional investors own 88.29% of the company’s stock.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.