HF Sinclair (NYSE:DINO) Price Target Raised to $75.00

HF Sinclair (NYSE:DINO) had its target price lifted by Raymond James Financial from $66.00 to $75.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a strong-buy rating on the stock.

Several other brokerages also recently commented on DINO. Argus upgraded HF Sinclair to a “hold” rating in a research note on Tuesday, February 24th. Mizuho raised their price objective on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. BMO Capital Markets decreased their target price on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. Finally, Morgan Stanley set a $57.00 target price on shares of HF Sinclair in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $60.18.

HF Sinclair Trading Up 0.6%

Shares of HF Sinclair stock opened at $63.62 on Wednesday. The stock has a market capitalization of $11.47 billion, a P/E ratio of 20.72 and a beta of 0.83. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $64.17. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94. The stock’s 50-day simple moving average is $54.91 and its 200 day simple moving average is $52.56.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. HF Sinclair’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted ($1.02) EPS. As a group, research analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, March 2nd. HF Sinclair’s payout ratio is currently 65.15%.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC purchased a new position in HF Sinclair in the 4th quarter worth $26,000. Quent Capital LLC bought a new stake in shares of HF Sinclair during the 3rd quarter valued at about $28,000. REAP Financial Group LLC purchased a new stake in HF Sinclair in the fourth quarter worth about $29,000. Johnson Financial Group Inc. purchased a new position in shares of HF Sinclair during the 2nd quarter worth approximately $33,000. Finally, Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair in the 4th quarter valued at approximately $36,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.