Barclays Cuts HF Sinclair (NYSE:DINO) Price Target to $44.00

by · The Cerbat Gem

HF Sinclair (NYSE:DINO – Free Report) had its price objective trimmed by Barclays from $53.00 to $44.00 in a report published on Monday, Benzinga reports. The firm currently has an equal weight rating on the stock.

A number of other analysts also recently weighed in on the stock. BMO Capital Markets decreased 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 report on Friday, October 4th. Piper Sandler cut their target price on HF Sinclair from $58.00 to $49.00 and set an overweight rating on the stock in a report on Friday, September 20th. Wells Fargo & Company cut their target price on HF Sinclair from $60.00 to $54.00 and set an overweight rating on the stock in a report on Tuesday, September 3rd. UBS Group dropped their price objective on HF Sinclair from $73.00 to $70.00 and set a buy rating on the stock in a research note on Tuesday, August 13th. Finally, Argus raised shares of HF Sinclair to a hold rating in a report on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of $56.91.

Get Our Latest Stock Report on DINO

HF Sinclair Trading Up 1.0 %

DINO opened at $44.95 on Monday. HF Sinclair has a twelve month low of $43.88 and a twelve month high of $64.16. The company has a 50-day simple moving average of $46.69 and a 200 day simple moving average of $51.99. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 5.53 and a beta of 1.16.

HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter in the prior year, the firm posted $2.60 earnings per share. The firm’s revenue was up .2% compared to the same quarter last year. Analysts predict that HF Sinclair will post 2.84 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Wednesday, August 21st were issued a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $2.00 dividend on an annualized basis and a yield of 4.45%. HF Sinclair’s dividend payout ratio (DPR) is 24.75%.

Institutional Trading of HF Sinclair

A number of institutional investors have recently made changes to their positions in DINO. Unison Advisors LLC lifted its position in HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after purchasing an additional 179 shares during the period. Capital Advisors Wealth Management LLC grew its position in shares of HF Sinclair by 2.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after purchasing an additional 190 shares in the last quarter. Poehling Capital Management INC. raised its stake in HF Sinclair by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after purchasing an additional 203 shares during the period. Empirical Finance LLC lifted its holdings in HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after purchasing an additional 228 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after purchasing an additional 267 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

About HF Sinclair

(Get Free Report)

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.

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