HF Sinclair (NYSE:DINO) Given "Overweight" Rating at Piper Sandler

Piper Sandler restated their overweight rating on shares of HF Sinclair (NYSE:DINO - Free Report) in a research note released on Friday morning,Benzinga reports. They currently have a $49.00 target price on the stock.

DINO has been the subject of a number of other research reports. Barclays lowered their price target on HF Sinclair from $42.00 to $37.00 and set an "equal weight" rating for the company in a research report on Monday, January 13th. Wells Fargo & Company downgraded shares of HF Sinclair from an "overweight" rating to an "equal weight" rating and decreased their price target for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. 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. Finally, JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $50.73.

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HF Sinclair Price Performance

Shares of NYSE DINO traded down $0.32 during trading hours on Friday, reaching $31.26. 3,635,980 shares of the stock traded hands, compared to its average volume of 3,282,552. The company's 50-day simple moving average is $35.80 and its two-hundred day simple moving average is $40.14. The company has a market capitalization of $5.89 billion, a P/E ratio of 38.13 and a beta of 1.13. HF Sinclair has a 52-week low of $29.85 and a 52-week 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 released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing analysts' consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. Equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 20th. Shareholders of record on Thursday, March 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a yield of 6.40%. HF Sinclair's dividend payout ratio is presently 243.90%.

Insider Transactions at HF Sinclair

In related news, CFO Atanas H. Atanasov purchased 7,000 shares of HF Sinclair stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the acquisition, the chief financial officer now owns 71,927 shares in the company, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Franklin Myers purchased 5,000 shares of the firm's stock in a transaction on Wednesday, February 26th. The stock was bought at an average price 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 approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired a total of 17,635 shares of company stock valued at $632,860 over the last 90 days. Company insiders own 0.28% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

Several large investors have recently made changes to their positions in the company. Capital Performance Advisors LLP bought a new stake in HF Sinclair in the 3rd quarter worth approximately $27,000. Sugar Maple Asset Management LLC bought a new position in shares of HF Sinclair during the 4th quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of HF Sinclair in the fourth quarter valued at $31,000. Lee Danner & Bass Inc. bought a new stake in HF Sinclair in the fourth quarter worth $32,000. Finally, EverSource Wealth Advisors LLC raised its stake in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

HF Sinclair Company Profile

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.