HF Sinclair (NYSE:DINO) Price Target Cut to $35.00 by Analysts at TD Cowen

HF Sinclair (NYSE:DINO - Free Report) had its target price lowered by TD Cowen from $43.00 to $35.00 in a research report report published on Wednesday morning, MarketBeat.com reports. The brokerage currently has a hold rating on the stock.

DINO has been the topic of a number of other reports. JPMorgan Chase & Co. dropped their price target 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. Wells Fargo & Company downgraded HF Sinclair from an "overweight" rating to an "equal weight" rating and dropped their target price for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Mizuho reduced their price target on HF Sinclair from $50.00 to $45.00 and set a "neutral" rating for the company in a report on Monday. UBS Group dropped their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Finally, Barclays reduced their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an "equal weight" rating for the company in a research note on Monday, November 11th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of "Hold" and a consensus target price of $51.45.

HF Sinclair Stock Down 3.0 %

Shares of NYSE DINO traded down $1.06 during mid-day trading on Wednesday, hitting $34.70. 3,496,446 shares of the stock traded hands, compared to its average volume of 2,013,025. The company has a market cap of $6.53 billion, a price-to-earnings ratio of 21.42 and a beta of 1.20. The stock has a fifty day moving average price of $41.31 and a 200-day moving average price of $46.18. HF Sinclair has a 52 week low of $34.58 and a 52 week high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.51 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 firm had revenue of $7.21 billion for the quarter, compared to analysts' expectations of $7.11 billion. During the same quarter in the previous year, the business posted $4.06 EPS. The company's quarterly revenue was down 19.1% on a year-over-year basis. Research analysts anticipate that HF Sinclair will post 2.27 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 5.76%. The ex-dividend date of this dividend was Thursday, November 21st. HF Sinclair's dividend payout ratio is currently 123.46%.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov acquired 7,000 shares of the business's stock in a transaction dated Thursday, December 12th. The stock was purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the transaction, the chief financial officer now directly 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 filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Franklin Myers acquired 5,000 shares of HF Sinclair stock in a transaction dated Friday, November 1st. The stock was bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now directly 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 disclosure for this purchase can be found here. Company insiders own 0.28% of the company's stock.

Hedge Funds Weigh In On HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the stock. Matrix Trust Co raised its stake in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company's stock worth $26,000 after buying an additional 317 shares during the period. Capital Performance Advisors LLP bought a new stake in HF Sinclair during the 3rd quarter worth approximately $27,000. Innealta Capital LLC purchased a new position in HF Sinclair during the second quarter valued at approximately $34,000. Massmutual Trust Co. FSB ADV boosted its position in shares of HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company's stock worth $37,000 after purchasing an additional 370 shares during the period. Finally, Millburn Ridgefield Corp bought a new position in shares of HF Sinclair in the third quarter worth approximately $50,000. 88.29% of the stock is currently owned by hedge funds and other 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.