HF Sinclair (NYSE:DINO) Stock Rating Upgraded by Mizuho

Mizuho upgraded shares of HF Sinclair (NYSE:DINO) from a neutral rating to an outperform rating in a research note published on Tuesday, Marketbeat reports. They currently have $47.00 price objective on the stock, up from their previous price objective of $40.00.

A number of other research analysts have also commented on DINO. Scotiabank cut their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. Wells Fargo & Company cut their price objective on shares of HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating for the company in a research report on Friday, May 2nd. TD Cowen upped their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. Barclays upped their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research report on Monday. Finally, Piper Sandler cut their price objective on shares of HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research report on Friday, May 2nd. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and an average target price of $43.30.

HF Sinclair Stock Up 3.7%

DINO stock opened at $36.71 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $58.73. The company has a fifty day simple moving average of $31.12 and a 200 day simple moving average of $35.35. The firm has a market cap of $6.92 billion, a PE ratio of 44.77 and a beta of 0.81.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to analyst estimates of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. Sell-side analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 3rd. Stockholders of record on Thursday, May 15th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Thursday, May 15th. HF Sinclair’s dividend payout ratio is -259.74%.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $35.66 per share, with a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.34% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC lifted its stake in shares of HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after buying an additional 367 shares during the last quarter. Matrix Trust Co lifted its stake in shares of HF Sinclair by 478.3% during the 4th quarter. Matrix Trust Co now owns 3,331 shares of the company’s stock worth $117,000 after buying an additional 2,755 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $175,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of HF Sinclair by 1,001.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,705 shares of the company’s stock worth $165,000 after buying an additional 4,278 shares during the last quarter. Finally, Gateway Investment Advisers LLC acquired a new stake in shares of HF Sinclair during the 4th quarter worth about $222,000. Institutional investors own 88.29% of the company’s stock.

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.