HF Sinclair (NYSE:DINO) Price Target Cut to $50.00 by Analysts at Morgan Stanley

HF Sinclair (NYSE:DINO - Free Report) had its target price cut by Morgan Stanley from $51.00 to $50.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research note on Tuesday, December 10th. Barclays dropped their price target on shares of HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Monday, January 13th. Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. Wells Fargo & Company lowered HF Sinclair from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Mizuho decreased their target price on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, December 16th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $47.10.

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HF Sinclair Stock Down 0.6 %

Shares of DINO stock traded down $0.20 during mid-day trading on Friday, reaching $33.28. 2,578,742 shares of the company's stock traded hands, compared to its average volume of 2,143,697. The company has a market cap of $6.27 billion, a P/E ratio of 40.58 and a beta of 1.13. The company's 50-day moving average price is $35.46 and its 200-day moving average price is $39.47. HF Sinclair has a 12 month low of $29.85 and a 12 month high of $64.16. 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 (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). The firm had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. On average, equities analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The firm also recently declared 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 6.01%. The ex-dividend date is Thursday, March 6th. HF Sinclair's payout ratio is currently 243.90%.

Insider Activity

In related news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the purchase, the director now owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired 10,635 shares of company stock valued at $367,140 in the last quarter. 0.28% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DINO. EverSource Wealth Advisors LLC boosted its stake 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 during the period. Wealth Enhancement Advisory Services LLC raised its holdings in HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company's stock valued at $669,000 after buying an additional 367 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after buying an additional 379 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company's stock valued at $2,253,000 after buying an additional 390 shares during the period. Finally, Evergreen Private Wealth LLC raised its holdings in HF Sinclair by 1.5% during the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company's stock valued at $938,000 after buying an additional 392 shares during the period. 88.29% of the stock is currently 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.