HF Sinclair (NYSE:DINO) Lowered to “Buy” Rating by Wall Street Zen

Wall Street Zen lowered shares of HF Sinclair (NYSE:DINO) from a strong-buy rating to a buy rating in a report published on Monday morning.

Several other equities analysts have also commented on the stock. Piper Sandler dropped their price target on shares of HF Sinclair from $68.00 to $67.00 and set an “overweight” rating for the company in a research report on Friday. Barclays reduced their price target on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Mizuho lifted their target price on shares of HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Scotiabank restated an “outperform” rating and set a $62.00 price objective on shares of HF Sinclair in a research note on Friday. Finally, Morgan Stanley upped their target price on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $59.80.

HF Sinclair Trading Down 2.3%

Shares of DINO stock opened at $48.67 on Monday. The company has a market capitalization of $8.95 billion, a price-to-earnings ratio of 23.29 and a beta of 0.84. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $56.58. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The firm has a 50-day moving average price of $50.07 and a 200 day moving average price of $49.52.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.50. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.51 earnings per share. Research analysts forecast that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were given a $0.50 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.1%. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quent Capital LLC acquired a new position in shares of HF Sinclair during the third quarter valued at $28,000. Kiker Wealth Management LLC bought a new stake in HF Sinclair in the 2nd quarter valued at about $32,000. Johnson Financial Group Inc. bought a new stake in HF Sinclair in the 2nd quarter valued at about $33,000. West Oak Capital LLC acquired a new position in HF Sinclair during the 2nd quarter valued at about $38,000. Finally, State of Wyoming bought a new position in HF Sinclair in the 2nd quarter worth about $41,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.