HF Sinclair (NYSE:DINO) Given New $44.00 Price Target at Wells Fargo & Company

HF Sinclair (NYSE:DINO - Free Report) had its price objective boosted by Wells Fargo & Company from $42.00 to $44.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

DINO has been the topic of several other research reports. Morgan Stanley dropped their price objective on HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a research note on Friday, March 14th. Barclays cut their price target on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. Mizuho lowered their price objective on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating on the stock in a research note on Monday, December 16th. JPMorgan Chase & Co. cut their target price on shares of HF Sinclair from $51.00 to $50.00 and set a "neutral" rating for the company in a research report on Tuesday, December 10th. Finally, TD Cowen lowered their price target on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating on the stock in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, HF Sinclair currently has a consensus rating of "Hold" and an average price target of $47.00.

Remove Ads

HF Sinclair Stock Performance

Shares of NYSE DINO traded up $0.04 during mid-day trading on Friday, reaching $33.18. 2,264,936 shares of the company's stock were exchanged, compared to its average volume of 2,199,568. The firm has a 50-day moving average price of $35.24 and a two-hundred day moving average price of $38.99. 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 firm has a market capitalization of $6.25 billion, a price-to-earnings ratio of 40.46 and a beta of 1.13. HF Sinclair has a 52 week low of $29.85 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. Analysts predict that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 6.03%. HF Sinclair's dividend payout ratio (DPR) is currently 243.90%.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. Wellington Management Group LLP lifted its holdings in shares of HF Sinclair by 457.7% during the 4th quarter. Wellington Management Group LLP now owns 50,482 shares of the company's stock worth $1,769,000 after acquiring an additional 41,430 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in HF Sinclair by 58.3% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 29,633 shares of the company's stock valued at $1,039,000 after acquiring an additional 10,909 shares during the last quarter. Hara Capital LLC purchased a new stake in HF Sinclair during the fourth quarter valued at about $122,000. Siemens Fonds Invest GmbH bought a new stake in HF Sinclair during the fourth quarter worth about $98,000. Finally, Total Wealth Planning & Management Inc. purchased a new position in shares of HF Sinclair in the 4th quarter worth about $348,000. Hedge funds and other 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.