HF Sinclair (NYSE:DINO) Price Target Cut to $42.00 by Analysts at Barclays

HF Sinclair (NYSE:DINO) had its target price reduced by Barclays from $44.00 to $42.00 in a report published on Monday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other analysts also recently issued research reports about the stock. Mizuho reduced their price target on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. BMO Capital Markets lowered their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a report on Friday, October 4th. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research report on Thursday, October 10th. Finally, Piper Sandler dropped their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research report on Friday, September 20th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $54.27.

HF Sinclair Stock Performance

Shares of DINO opened at $42.48 on Monday. 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 52-week low of $38.25 and a 52-week high of $64.16. The company has a 50-day simple moving average of $44.04 and a 200-day simple moving average of $48.95. The company has a market capitalization of $7.99 billion, a PE ratio of 26.22 and a beta of 1.18.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company’s revenue for the quarter was down 19.1% on a year-over-year basis. During the same period last year, the firm earned $4.06 EPS. Equities research analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.71%. The ex-dividend date is Thursday, November 21st. HF Sinclair’s dividend payout ratio is currently 123.46%.

Insider Buying and Selling

In other news, Director Franklin Myers bought 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the transaction, the director now owns 145,293 shares of the company’s stock, valued at $5,631,556.68. This represents a 3.56 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Institutional investors have recently added to or reduced their stakes in the company. Cetera Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter valued at $1,146,000. Bayesian Capital Management LP acquired a new position in shares of HF Sinclair during the first quarter worth about $785,000. Neo Ivy Capital Management purchased a new stake in shares of HF Sinclair in the second quarter worth about $806,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of HF Sinclair by 22.7% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company’s stock valued at $13,209,000 after buying an additional 40,357 shares in the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of HF Sinclair by 15,066.7% during the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after buying an additional 660,978 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

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.