HF Sinclair (NYSE:DINO) Price Target Raised to $57.00 at The Goldman Sachs Group

HF Sinclair (NYSE:DINOGet Rating) had its price objective hoisted by The Goldman Sachs Group to $57.00 in a research note issued to investors on Tuesday morning, Stock Target Advisor reports.

Several other brokerages have also commented on DINO. Cowen raised HF Sinclair from a market perform rating to an outperform rating and lifted their price objective for the stock from $38.00 to $52.00 in a report on Wednesday, May 11th. TheStreet raised HF Sinclair from a c+ rating to a b rating in a report on Friday, May 20th. Barclays lifted their price objective on HF Sinclair from $51.00 to $56.00 and gave the stock an equal weight rating in a report on Tuesday, August 16th. Morgan Stanley boosted their price target on HF Sinclair from $53.00 to $60.00 and gave the company an overweight rating in a report on Friday, July 15th. Finally, Wells Fargo & Company cut their price target on HF Sinclair from $67.00 to $62.00 and set an overweight rating for the company in a report on Wednesday, August 10th. Two research 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.com, HF Sinclair currently has an average rating of Moderate Buy and a consensus price target of $59.25.

HF Sinclair Trading Down 0.6 %

HF Sinclair stock opened at $52.49 on Tuesday. The company has a market cap of $11.38 billion, a price-to-earnings ratio of 6.73, a price-to-earnings-growth ratio of 0.38 and a beta of 1.43. The business has a fifty day simple moving average of $48.76. HF Sinclair has a 12 month low of $29.14 and a 12 month high of $58.50. The company has a current ratio of 1.89, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34.

HF Sinclair (NYSE:DINOGet Rating) last posted its earnings results on Monday, August 8th. The company reported $5.59 EPS for the quarter, topping analysts’ consensus estimates of $4.56 by $1.03. HF Sinclair had a return on equity of 20.74% and a net margin of 5.61%. The business had revenue of $11.16 billion during the quarter, compared to analyst estimates of $9.23 billion. During the same quarter last year, the company earned $0.87 EPS. The company’s quarterly revenue was up 143.9% compared to the same quarter last year. On average, equities research analysts forecast that HF Sinclair will post 13.31 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were given a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, August 17th. This represents a $1.60 annualized dividend and a dividend yield of 3.05%. HF Sinclair’s payout ratio is 20.51%.

Insider Activity

In other HF Sinclair news, Director Franklin Myers acquired 4,800 shares of the stock in a transaction dated Wednesday, August 17th. The shares were acquired at an average cost of $51.98 per share, for a total transaction of $249,504.00. Following the completion of the transaction, the director now directly owns 99,715 shares of the company’s stock, valued at $5,183,185.70. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, SVP Vaishali S. Bhatia sold 10,435 shares of the business’s stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $54.03, for a total value of $563,803.05. Following the sale, the senior vice president now directly owns 38,442 shares in the company, valued at $2,077,021.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Franklin Myers bought 4,800 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The stock was purchased at an average price of $51.98 per share, for a total transaction of $249,504.00. Following the completion of the transaction, the director now directly owns 99,715 shares of the company’s stock, valued at approximately $5,183,185.70. The disclosure for this purchase can be found here. Company insiders own 0.35% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently made changes to their positions in DINO. Canton Hathaway LLC purchased a new stake in shares of HF Sinclair in the second quarter worth about $25,000. Bellwether Advisors LLC purchased a new stake in shares of HF Sinclair in the first quarter worth about $29,000. Smith Group Asset Management LLC purchased a new stake in HF Sinclair during the first quarter valued at approximately $29,000. M&T Bank Corp purchased a new stake in HF Sinclair during the first quarter valued at approximately $29,000. Finally, Gradient Investments LLC purchased a new stake in HF Sinclair during the first quarter valued at approximately $30,000. 89.58% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

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HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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Analyst Recommendations for HF Sinclair (NYSE:DINO)

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