HF Sinclair (NYSE:DINO) Given New $40.00 Price Target at Mizuho

HF Sinclair (NYSE:DINO) had its price target trimmed by Mizuho from $45.00 to $40.00 in a research report sent to investors on Thursday,Benzinga reports. The firm currently has a neutral rating on the stock.

DINO has been the subject of a number of other reports. Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. TD Cowen cut their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Wells Fargo & Company boosted their price target on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, March 21st. Finally, JPMorgan Chase & Co. cut their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, HF Sinclair has an average rating of “Hold” and a consensus price target of $46.50.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $27.46 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The company has a market cap of $5.17 billion, a PE ratio of 33.48 and a beta of 1.00. The company has a 50-day simple moving average of $34.55 and a 200-day simple moving average of $38.29. HF Sinclair has a 12 month low of $26.02 and a 12 month high of $63.84.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to analyst estimates of $6.56 billion. On average, equities analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 7.28%. HF Sinclair’s dividend payout ratio (DPR) is currently 243.90%.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the purchase, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DINO. JPMorgan Chase & Co. boosted its holdings in HF Sinclair by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after purchasing an additional 33,373 shares during the last quarter. Amundi raised its position in shares of HF Sinclair by 132.3% in the 4th quarter. Amundi now owns 1,748,994 shares of the company’s stock valued at $61,025,000 after purchasing an additional 996,155 shares in the last quarter. Aigen Investment Management LP boosted its stake in shares of HF Sinclair by 124.9% during the 4th quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock valued at $2,216,000 after buying an additional 35,121 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of HF Sinclair during the fourth quarter worth approximately $263,000. Finally, Blue Trust Inc. increased its stake in shares of HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after buying an additional 2,655 shares during the last quarter. 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.