HF Sinclair (NYSE:DINO) PT Lowered to $59.00 at JPMorgan Chase & Co.

HF Sinclair (NYSE:DINO) had its price objective trimmed by JPMorgan Chase & Co. from $61.00 to $59.00 in a research note published on Tuesday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Mizuho dropped their price objective on shares of HF Sinclair from $64.00 to $61.00 and set a neutral rating on the stock in a research note 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 research report on Friday, June 14th. Bank of America upgraded HF Sinclair from a neutral rating to a buy rating and raised their target price for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Wells Fargo & Company reduced their price target on HF Sinclair from $76.00 to $75.00 and set an overweight rating for the company in a report on Thursday, June 6th. Finally, Argus upgraded HF Sinclair to a hold rating in a research report on Wednesday, June 26th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $64.25.

HF Sinclair Trading Down 1.1 %

NYSE DINO opened at $52.99 on Tuesday. HF Sinclair has a 1 year low of $43.29 and a 1 year high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.17 and a quick ratio of 1.09. The company has a market capitalization of $10.18 billion, a PE ratio of 6.56 and a beta of 1.19. The company has a fifty day moving average of $54.62 and a 200 day moving average of $56.46.

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

HF Sinclair Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 5th. Investors of record on Wednesday, May 22nd were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 3.77%. The ex-dividend date was Tuesday, May 21st. HF Sinclair’s payout ratio is 24.75%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of the stock in a transaction on Monday, May 20th. The shares were bought 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 in the company, valued at approximately $7,933,869.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DINO. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock valued at $297,027,000 after purchasing an additional 98,477 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after acquiring an additional 1,549,091 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of HF Sinclair by 16.4% during the 4th quarter. California State Teachers Retirement System now owns 300,942 shares of the company’s stock worth $16,723,000 after acquiring an additional 42,470 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of HF Sinclair by 7.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 590,503 shares of the company’s stock valued at $32,814,000 after acquiring an additional 39,637 shares during the last quarter. Finally, Readystate Asset Management LP purchased a new stake in shares of HF Sinclair in the fourth quarter valued at about $1,443,000. 88.29% of the stock is 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.