Mizuho Trims HF Sinclair (NYSE:DINO) Target Price to $64.00

HF Sinclair (NYSE:DINOFree Report) had its price target decreased by Mizuho from $65.00 to $64.00 in a research note issued to investors on Monday, Benzinga reports. Mizuho currently has a neutral rating on the stock.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler boosted their target price on shares of HF Sinclair from $67.00 to $70.00 and gave the company an overweight rating in a research report on Friday, April 5th. Wells Fargo & Company increased their target price on shares of HF Sinclair from $64.00 to $67.00 and gave the stock an overweight rating in a research report on Thursday, February 22nd. UBS Group upgraded shares of HF Sinclair from a neutral rating to a buy rating and lifted their price target for the company from $64.00 to $73.00 in a research report on Wednesday, February 14th. TD Cowen increased their price target on HF Sinclair from $50.00 to $52.00 and gave the stock a market perform rating in a research report on Thursday, February 22nd. Finally, Scotiabank lifted their price objective on HF Sinclair from $58.00 to $66.00 and gave the company a sector outperform rating in a report on Thursday, April 11th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $64.92.

Read Our Latest Analysis on HF Sinclair

HF Sinclair Stock Up 0.1 %

HF Sinclair stock opened at $56.93 on Monday. The company’s 50-day moving average price is $58.48 and its two-hundred day moving average price is $56.46. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The stock has a market cap of $10.94 billion, a P/E ratio of 7.05 and a beta of 1.31. HF Sinclair has a twelve month low of $39.08 and a twelve month high of $64.16.

HF Sinclair (NYSE:DINOGet Free Report) last announced its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. The company had revenue of $7.03 billion for the quarter, compared to analyst estimates of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $2.00 earnings per share. As a group, analysts expect that HF Sinclair will post 6.47 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 5th. Shareholders of record on Wednesday, May 22nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, May 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.51%. HF Sinclair’s payout ratio is presently 24.75%.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 4,180 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were bought at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the acquisition, the director now owns 131,793 shares in the company, valued at $7,767,879.42. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Franklin Myers acquired 4,180 shares of the stock in a transaction dated Monday, February 26th. The stock was bought at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the transaction, the director now directly owns 131,793 shares of the company’s stock, valued at $7,767,879.42. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Manuel J. Fernandez sold 1,213 shares of the company’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $61.10, for a total value of $74,114.30. Following the completion of the sale, the director now owns 9,828 shares in the company, valued at $600,490.80. The disclosure for this sale can be found here. 0.28% of the stock is owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently bought and sold shares of DINO. Unison Advisors LLC grew its holdings in HF Sinclair by 0.8% in the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after purchasing an additional 179 shares during the period. Capital Advisors Wealth Management LLC grew its stake in shares of HF Sinclair by 2.4% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after buying an additional 190 shares during the period. King Luther Capital Management Corp increased its position in HF Sinclair by 0.3% in the 4th quarter. King Luther Capital Management Corp now owns 64,018 shares of the company’s stock valued at $3,557,000 after buying an additional 194 shares in the last quarter. Poehling Capital Management INC. boosted its holdings in HF Sinclair by 0.3% in the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after acquiring an additional 203 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its stake in HF Sinclair by 2.7% in the third quarter. Coldstream Capital Management Inc. now owns 8,570 shares of the company’s stock valued at $488,000 after acquiring an additional 223 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

(Get Free Report)

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.

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Analyst Recommendations for HF Sinclair (NYSE:DINO)

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