Mizuho Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO - Free Report) had its target price cut by Mizuho from $45.00 to $40.00 in a research report released on Thursday,Benzinga reports. They currently have a neutral rating on the stock.

DINO has been the topic of several other reports. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. TD Cowen reduced their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a "hold" rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $51.00 to $50.00 and set a "neutral" rating on the stock in a research report on Tuesday, December 10th. Morgan Stanley reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set an "overweight" rating on the stock in a report on Friday, March 14th. Finally, Barclays decreased their price objective on HF Sinclair from $37.00 to $35.00 and set an "equal weight" rating on the stock in a research note on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, HF Sinclair has a consensus rating of "Hold" and a consensus price target of $46.50.

HF Sinclair Stock Down 3.9 %

Shares of NYSE DINO traded down $1.07 during midday trading on Thursday, hitting $26.48. The company's stock had a trading volume of 1,163,486 shares, compared to its average volume of 2,313,257. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair has a 1 year low of $25.79 and a 1 year high of $63.84. The firm has a market capitalization of $4.99 billion, a price-to-earnings ratio of 32.22 and a beta of 1.00. The business's fifty day simple moving average is $34.36 and its two-hundred day simple moving average is $38.09.

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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 net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analysts' expectations of $6.56 billion. On average, equities analysts predict 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 was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued 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 7.55%. HF Sinclair's dividend payout ratio (DPR) is presently 243.90%.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares in the company, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.28% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Southeastern Asset Management Inc. TN bought a new stake in HF Sinclair in the 4th quarter valued at $96,344,000. Balyasny Asset Management L.P. boosted its position in shares of HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock valued at $64,525,000 after acquiring an additional 1,593,875 shares in the last quarter. Norges Bank bought a new stake in HF Sinclair in the fourth quarter valued at about $41,317,000. Thompson Siegel & Walmsley LLC raised its position in HF Sinclair by 114.1% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock worth $74,116,000 after purchasing an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after purchasing an additional 1,096,485 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.