Barclays Cuts HF Sinclair (NYSE:DINO) Price Target to $56.00

HF Sinclair (NYSE:DINO) had its target price trimmed by Barclays from $60.00 to $56.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

A number of other brokerages have also weighed in on DINO. Argus upgraded HF Sinclair to a hold rating in a research note on Wednesday, June 26th. Scotiabank lifted their price target on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a sector outperform rating in a research note on Thursday, April 11th. Mizuho cut their price target on shares of HF Sinclair from $64.00 to $61.00 and set a neutral rating on the stock in a report on Thursday, June 20th. Piper Sandler decreased their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an overweight rating for the company in a report on Friday, June 14th. Finally, Wells Fargo & Company cut their target price on shares of HF Sinclair from $76.00 to $75.00 and set an overweight rating on the stock in a research note on Thursday, June 6th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $64.25.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $52.99 on Monday. The business’s fifty day moving average price is $54.62 and its 200 day moving average price is $56.46. HF Sinclair has a twelve month low of $43.29 and a twelve month high of $64.16. The company has a current ratio of 2.17, a quick ratio of 1.09 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $10.18 billion, a P/E ratio of 6.56 and a beta of 1.19.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.16. The company had revenue of $7.03 billion during the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.00 earnings per share. As a group, research analysts anticipate that HF Sinclair will post 5.64 earnings per share for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.77%. HF Sinclair’s dividend payout ratio (DPR) is presently 24.75%.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The shares were purchased at an average price of $57.37 per share, with a total value of $372,905.00. Following the purchase, the director now directly owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.28% of the stock is owned by insiders.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently modified their holdings of the company. Rise Advisors LLC bought a new stake in shares of HF Sinclair in the 1st quarter worth approximately $26,000. Riverview Trust Co acquired a new stake in shares of HF Sinclair during the 1st quarter valued at $31,000. Principal Securities Inc. bought a new stake in shares of HF Sinclair during the 4th quarter worth $30,000. Pingora Partners LLC acquired a new position in shares of HF Sinclair in the 4th quarter worth $35,000. Finally, Baystate Wealth Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter worth $37,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.