Mizuho Trims HF Sinclair (NYSE:DINO) Target Price to $65.00

HF Sinclair (NYSE:DINO) had its price objective lowered by Mizuho from $66.00 to $65.00 in a research note released on Monday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

Several other equities analysts have also commented on the stock. Piper Sandler upped their price target on shares of HF Sinclair from $67.00 to $70.00 and gave the stock an overweight rating in a research report on Friday, April 5th. Barclays initiated coverage on HF Sinclair in a research report on Monday, February 26th. They issued an equal weight rating and a $60.00 target price on the stock. TD Cowen boosted their price target on HF Sinclair from $50.00 to $52.00 and gave the company a market perform rating in a research report on Thursday, February 22nd. Wells Fargo & Company raised their price objective on HF Sinclair from $64.00 to $67.00 and gave the stock an overweight rating in a report on Thursday, February 22nd. Finally, Bank of America upgraded HF Sinclair from a neutral rating to a buy rating and boosted their target price for the stock from $62.00 to $78.00 in a report on Friday, March 15th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $65.42.

HF Sinclair Stock Performance

HF Sinclair stock opened at $57.04 on Monday. HF Sinclair has a fifty-two week low of $37.12 and a fifty-two week high of $64.16. The company has a market capitalization of $11.25 billion, a price-to-earnings ratio of 6.87 and a beta of 1.28. The stock has a fifty day moving average of $59.19 and a two-hundred day moving average of $56.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.16 and a current ratio of 2.22.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 21st. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.15. HF Sinclair had a net margin of 4.97% and a return on equity of 17.61%. The business had revenue of $7.66 billion for the quarter, compared to the consensus estimate of $8.05 billion. During the same quarter in the prior year, the firm posted $2.97 earnings per share. The company’s quarterly revenue was down 14.7% compared to the same quarter last year. On average, analysts anticipate that HF Sinclair will post 6.34 EPS for the current fiscal year.

HF Sinclair Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 5th. Shareholders of record on Monday, February 26th were issued a $0.50 dividend. The ex-dividend date was Friday, February 23rd. This represents a $2.00 dividend on an annualized basis and a yield of 3.51%. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.45. HF Sinclair’s payout ratio is currently 24.10%.

Insider Activity

In related news, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total value of $402,710.00. Following the transaction, the executive vice president now owns 29,617 shares in the company, valued at $1,703,866.01. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other HF Sinclair news, Director Manuel J. Fernandez sold 1,213 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total transaction of $74,114.30. Following the completion of the transaction, the director now directly owns 9,828 shares of the company’s stock, valued at approximately $600,490.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Valerie Pompa sold 7,000 shares of the business’s stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $57.53, for a total transaction of $402,710.00. Following the completion of the sale, the executive vice president now directly owns 29,617 shares of the company’s stock, valued at approximately $1,703,866.01. The disclosure for this sale can be found here. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently bought and sold shares of DINO. Vanguard Group Inc. acquired a new stake in HF Sinclair during the first quarter worth about $566,029,000. BlackRock Inc. bought a new position in HF Sinclair in the 1st quarter worth about $539,533,000. State Street Corp acquired a new stake in shares of HF Sinclair in the first quarter valued at approximately $308,240,000. Invesco Ltd. bought a new stake in shares of HF Sinclair during the first quarter valued at approximately $102,959,000. Finally, First Trust Advisors LP bought a new stake in shares of HF Sinclair during the first quarter valued at approximately $81,253,000. 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.