HF Sinclair (NYSE:DINO) Lowered to Equal Weight Rating by Wells Fargo & Company

Wells Fargo & Company downgraded shares of HF Sinclair (NYSE:DINO - Free Report) from an overweight rating to an equal weight rating in a report released on Monday, Marketbeat reports. The firm currently has $45.00 target price on the stock, down from their previous target price of $53.00.

A number of other research firms have also recently issued reports on DINO. Scotiabank decreased their price target on shares of HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a report on Thursday, October 10th. Barclays reduced their price objective on HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a research report on Monday, November 11th. UBS Group decreased their target price on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. BMO Capital Markets decreased their target price on shares of HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research report on Friday, October 4th. Finally, JPMorgan Chase & Co. cut their target price 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $53.55.

HF Sinclair Stock Up 1.0 %

Shares of DINO traded up $0.39 during trading hours on Monday, hitting $39.30. 1,398,187 shares of the company were exchanged, compared to its average volume of 2,000,309. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market cap of $7.39 billion, a PE ratio of 24.02 and a beta of 1.20. The firm's 50 day moving average is $42.62 and its 200-day moving average is $47.12. HF Sinclair has a 52 week low of $38.25 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company's quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter last year, the firm posted $4.06 earnings per share. On average, equities research analysts forecast that HF Sinclair will post 2.31 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.09%. HF Sinclair's payout ratio is 123.46%.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the company's stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares of the company's stock, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company's stock.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pacer Advisors Inc. raised its position in shares of HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock worth $415,249,000 after purchasing an additional 2,868,273 shares during the period. AQR Capital Management LLC lifted its stake in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company's stock valued at $147,873,000 after buying an additional 997,629 shares in the last quarter. Squarepoint Ops LLC lifted its stake in HF Sinclair by 90.2% in the second quarter. Squarepoint Ops LLC now owns 849,553 shares of the company's stock valued at $45,315,000 after buying an additional 402,793 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of HF Sinclair by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock worth $306,665,000 after buying an additional 399,988 shares in the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new stake in HF Sinclair in the 2nd quarter valued at $12,001,000. 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.