Mizuho Has Lowered Expectations for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO - Free Report) had its target price decreased by Mizuho from $50.00 to $45.00 in a research note published on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

DINO has been the subject of several other research reports. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a report on Tuesday, December 10th. Piper Sandler dropped their target price on HF Sinclair from $58.00 to $49.00 and set an "overweight" rating for the company in a report on Friday, September 20th. BMO Capital Markets decreased their price target on HF Sinclair from $57.00 to $53.00 and set an "outperform" rating on the stock in a research note on Friday, October 4th. Scotiabank dropped their price objective on HF Sinclair from $66.00 to $57.00 and set a "sector outperform" rating for the company in a research note on Thursday, October 10th. Finally, Morgan Stanley reduced their target price on shares of 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 equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, HF Sinclair presently has an average rating of "Hold" and an average price target of $53.00.

HF Sinclair Stock Down 4.9 %

NYSE:DINO traded down $1.85 during trading hours on Monday, reaching $35.60. The company's stock had a trading volume of 2,484,263 shares, compared to its average volume of 2,001,652. The business's 50-day moving average is $41.91 and its 200-day moving average is $46.52. HF Sinclair has a one year low of $35.47 and a one year high of $64.16. 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 company has a market cap of $6.70 billion, a price-to-earnings ratio of 22.23 and a beta of 1.20.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period last year, the business posted $4.06 EPS. HF Sinclair's revenue was down 19.1% compared to the same quarter last year. Equities research analysts predict that HF Sinclair will post 2.27 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, November 21st. This represents a $2.00 annualized dividend and a yield of 5.62%. HF Sinclair's dividend payout ratio is presently 123.46%.

Insider Activity

In other news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction that occurred on Friday, November 1st. The stock was acquired at an average cost 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 in the company, valued at $5,631,556.68. This represents a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Atanas H. Atanasov bought 7,000 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now owns 71,927 shares of the company's stock, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

Institutional investors have recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in HF Sinclair by 58.3% during the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company's stock worth $415,249,000 after acquiring an additional 2,868,273 shares during the period. AQR Capital Management LLC increased its holdings in HF Sinclair by 54.9% in the 2nd 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 during the period. Squarepoint Ops LLC raised its position in shares of HF Sinclair by 90.2% in the 2nd 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 boosted its position in shares of HF Sinclair by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company's stock worth $306,665,000 after acquiring an additional 399,988 shares in the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in HF Sinclair in the second quarter valued at approximately $12,001,000. 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.