Scotiabank Cuts HF Sinclair (NYSE:DINO) Price Target to $49.00

HF Sinclair (NYSE:DINO) had its price objective lowered by Scotiabank from $51.00 to $49.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a sector outperform rating on the stock.

Other equities analysts have also issued research reports about the stock. Morgan Stanley reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating on the stock in a report on Friday, March 14th. Wells Fargo & Company raised their price objective on HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, March 21st. Piper Sandler set a $46.00 price objective on HF Sinclair in a report on Friday, March 7th. Mizuho dropped their target price on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Finally, TD Cowen decreased their price target on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $45.70.

HF Sinclair Trading Up 3.0 %

Shares of DINO stock opened at $27.73 on Friday. The business has a 50-day moving average price of $33.26 and a two-hundred day moving average price of $37.38. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $60.55. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a market cap of $5.22 billion, a P/E ratio of 33.81 and a beta of 1.00.

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

HF Sinclair Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 7.21%. HF Sinclair’s dividend payout ratio (DPR) is presently 243.90%.

Insider Buying and Selling

In related news, Director Franklin Myers purchased 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now directly owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.

Institutional Trading of HF Sinclair

Several large investors have recently bought and sold shares of DINO. JPMorgan Chase & Co. raised its position in shares of HF Sinclair by 4.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock worth $37,845,000 after acquiring an additional 33,373 shares in the last quarter. Amundi raised its holdings in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after purchasing an additional 996,155 shares in the last quarter. Aigen Investment Management LP raised its holdings in HF Sinclair by 124.9% in the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock worth $2,216,000 after purchasing an additional 35,121 shares in the last quarter. Merit Financial Group LLC purchased a new position in HF Sinclair during the fourth quarter valued at $263,000. Finally, Blue Trust Inc. boosted its holdings in shares of HF Sinclair by 57.9% during the 4th quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock valued at $254,000 after buying an additional 2,655 shares in the last quarter. 88.29% of the stock is owned by 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.