HF Sinclair (NYSE:DINO) Given New $44.00 Price Target at Wells Fargo & Company

HF Sinclair (NYSE:DINO) had its price target increased by Wells Fargo & Company from $42.00 to $44.00 in a research report released on Friday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

DINO has been the subject of a number of other reports. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Barclays reduced their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research report on Friday, March 7th. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Finally, Morgan Stanley lowered their price target 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. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $47.00.

HF Sinclair Price Performance

Shares of DINO opened at $33.54 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company’s fifty day simple moving average is $35.38 and its 200 day simple moving average is $39.28. HF Sinclair has a 1-year low of $29.85 and a 1-year high of $64.16. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data 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 return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. On average, research analysts forecast that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 20th. Stockholders of record on Thursday, March 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, March 6th. This represents a $2.00 annualized dividend and a dividend yield of 5.96%. HF Sinclair’s dividend payout ratio is presently 243.90%.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the company’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

Several large investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in HF Sinclair by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,848,416 shares of the company’s stock worth $240,026,000 after purchasing an additional 737,696 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of HF Sinclair by 12.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,512,051 shares of the company’s stock worth $193,197,000 after acquiring an additional 617,218 shares in the last quarter. First Trust Advisors LP increased its stake in HF Sinclair by 53.7% in the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after acquiring an additional 1,096,485 shares during the last quarter. Southeastern Asset Management Inc. TN bought a new stake in HF Sinclair during the fourth quarter worth $96,344,000. Finally, AQR Capital Management LLC boosted its holdings in shares of HF Sinclair by 61.6% in the 4th quarter. AQR Capital Management LLC now owns 2,376,498 shares of the company’s stock valued at $82,536,000 after purchasing an additional 906,225 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

About HF Sinclair

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.