HF Sinclair (NYSE:DINO - Free Report) had its price target trimmed by Barclays from $42.00 to $37.00 in a report published on Monday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.
A number of other brokerages also recently issued reports on DINO. JPMorgan Chase & Co. lowered their price target on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Wells Fargo & Company lowered shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Scotiabank cut their price target on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating on the stock in a report on Thursday, October 10th. TD Cowen decreased their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Finally, Morgan Stanley cut their target price on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of "Hold" and an average price target of $51.00.
Get Our Latest Stock Report on HF Sinclair
HF Sinclair Price Performance
Shares of HF Sinclair stock traded up $1.15 during trading hours on Monday, reaching $37.03. The company's stock had a trading volume of 1,851,176 shares, compared to its average volume of 2,213,073. The firm has a 50 day moving average price of $38.44 and a 200-day moving average price of $43.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock has a market cap of $6.97 billion, a P/E ratio of 22.86 and a beta of 1.22. HF Sinclair has a one year low of $33.47 and a one year high of $64.16.
HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analysts' expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The firm's revenue for the quarter was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 earnings per share. On average, analysts predict that HF Sinclair will post 2.27 EPS for the current year.
HF Sinclair Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 5.40%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's dividend payout ratio is 123.46%.
Insiders Place Their Bets
In related news, CFO Atanas H. Atanasov acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the purchase, the chief financial officer now directly owns 78,927 shares of the company's stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 17,000 shares of company stock worth $628,370 in the last three months. Corporate insiders own 0.28% of the company's stock.
Hedge Funds Weigh In On HF Sinclair
A number of large investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its holdings in HF Sinclair by 8.7% in the second quarter. Daiwa Securities Group Inc. now owns 11,300 shares of the company's stock worth $603,000 after acquiring an additional 900 shares in the last quarter. American Century Companies Inc. boosted its stake in HF Sinclair by 28.6% in the 2nd quarter. American Century Companies Inc. now owns 250,462 shares of the company's stock worth $13,360,000 after purchasing an additional 55,689 shares in the last quarter. Oppenheimer & Co. Inc. grew its position in HF Sinclair by 11.7% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 42,341 shares of the company's stock worth $2,258,000 after purchasing an additional 4,450 shares during the last quarter. DekaBank Deutsche Girozentrale increased its stake in HF Sinclair by 3.1% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 98,329 shares of the company's stock valued at $5,164,000 after purchasing an additional 2,922 shares in the last quarter. Finally, Wealthspire Advisors LLC raised its holdings in shares of HF Sinclair by 8.1% in the second quarter. Wealthspire Advisors LLC now owns 7,474 shares of the company's stock worth $399,000 after buying an additional 558 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors.
About HF Sinclair
(
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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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