Barclays Lowers HF Sinclair (NYSE:DINO) Price Target to $35.00

HF Sinclair (NYSE:DINO - Free Report) had its price objective cut by Barclays from $37.00 to $35.00 in a research report sent to investors on Friday, Marketbeat reports. They currently have an equal weight rating on the stock.

Several other equities research analysts have also issued reports on DINO. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research note on Tuesday, December 10th. Wells Fargo & Company lowered HF Sinclair from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Morgan Stanley dropped their price target on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating for the company in a research note on Friday. Piper Sandler set a $46.00 price target on HF Sinclair in a research note on Friday, March 7th. Finally, TD Cowen dropped their price target on HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $47.10.

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HF Sinclair Price Performance

HF Sinclair stock traded down $0.20 during midday trading on Friday, hitting $33.28. 2,578,742 shares of the company's stock were exchanged, compared to its average volume of 2,143,605. HF Sinclair has a 52-week low of $29.85 and a 52-week high of $64.16. The stock has a 50-day moving average price of $35.46 and a two-hundred day moving average price of $39.47. 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 $6.27 billion, a P/E ratio of 40.58 and a beta of 1.13.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analysts' expectations of $6.56 billion. On average, equities research analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.01%. The ex-dividend date of this dividend is Thursday, March 6th. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders purchased 10,635 shares of company stock valued at $367,140. Insiders own 0.28% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Sigma Planning Corp grew its holdings in shares of HF Sinclair by 15.4% during the 3rd quarter. Sigma Planning Corp now owns 6,309 shares of the company's stock worth $281,000 after acquiring an additional 844 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of HF Sinclair by 3.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,560 shares of the company's stock worth $14,466,000 after acquiring an additional 9,899 shares during the period. Oppenheimer & Co. Inc. grew its holdings in shares of HF Sinclair by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,465 shares of the company's stock worth $1,982,000 after acquiring an additional 2,124 shares during the period. Coastline Trust Co purchased a new position in shares of HF Sinclair during the 3rd quarter worth approximately $55,000. Finally, Natixis Advisors LLC grew its holdings in shares of HF Sinclair by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 49,384 shares of the company's stock worth $2,201,000 after acquiring an additional 3,456 shares during the period. Institutional investors own 88.29% of the company's stock.

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.