HF Sinclair (NYSE:DINO) Price Target Lowered to $35.00 at Barclays

HF Sinclair (NYSE:DINO) had its price objective cut by Barclays from $37.00 to $35.00 in a research report report published on Friday,Benzinga reports. They currently have an equal weight rating on the stock.

Several other equities analysts have also weighed in on the stock. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Mizuho dropped their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. JPMorgan Chase & Co. dropped their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. TD Cowen dropped their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Finally, Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and a consensus price target of $49.91.

HF Sinclair Price Performance

DINO stock opened at $32.36 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 39.47 and a beta of 1.13. 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 has a 12-month low of $29.85 and a 12-month high of $64.16. The company’s fifty day simple moving average is $35.50 and its 200 day simple moving average is $39.78.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. On average, analysts expect that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 6.18%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair’s payout ratio is presently 243.90%.

Insiders Place Their Bets

In other news, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction on Wednesday, February 26th. The stock was acquired at an average cost of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last ninety days, insiders bought 10,635 shares of company stock valued at $367,140. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after purchasing an additional 327 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in HF Sinclair by 2.0% in the 4th 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 in the last quarter. Nissay Asset Management Corp Japan ADV grew its position in HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after purchasing an additional 379 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. grew its position in HF Sinclair by 0.6% in the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after purchasing an additional 390 shares in the last quarter. Finally, Evergreen Private Wealth LLC grew its position in HF Sinclair by 1.5% in the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after purchasing an additional 392 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

About HF Sinclair

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.