HF Sinclair (NYSE:DINO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

HF Sinclair (NYSE:DINO) had its price objective raised by Morgan Stanley from $44.00 to $50.00 in a report issued on Wednesday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other analysts have also weighed in on the company. Piper Sandler upped their price objective on HF Sinclair from $43.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday. Wolfe Research lowered HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday. Mizuho upgraded HF Sinclair from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Barclays set a $43.00 price objective on HF Sinclair and gave the company an “equal weight” rating in a report on Wednesday, July 9th. Finally, TD Cowen upped their price objective on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a report on Friday, May 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, HF Sinclair has an average rating of “Moderate Buy” and a consensus price target of $48.45.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $43.93 on Wednesday. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $52.88. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $8.28 billion, a price-to-earnings ratio of -57.05 and a beta of 0.93. The business has a 50 day simple moving average of $39.72 and a 200-day simple moving average of $35.59.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts’ consensus estimates of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the business earned $0.71 EPS. The firm’s revenue was down 9.3% on a year-over-year basis. As a group, equities research analysts expect that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Thursday, May 15th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.55%. The ex-dividend date was Thursday, May 15th. HF Sinclair’s dividend payout ratio is currently -259.74%.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently bought and sold shares of DINO. CWA Asset Management Group LLC acquired a new position in HF Sinclair in the 1st quarter worth about $421,000. Pacific Heights Asset Management LLC increased its position in HF Sinclair by 9.1% in the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company’s stock worth $7,891,000 after purchasing an additional 20,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in HF Sinclair by 72.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company’s stock worth $1,684,000 after purchasing an additional 21,597 shares during the last quarter. Norges Bank acquired a new position in HF Sinclair in the 4th quarter worth about $41,317,000. Finally, Principal Financial Group Inc. increased its position in HF Sinclair by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company’s stock worth $42,399,000 after purchasing an additional 27,764 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.