Barclays Cuts HF Sinclair (NYSE:DINO) Price Target to $51.00

HF Sinclair (NYSE:DINO) had its price objective decreased by Barclays from $54.00 to $51.00 in a research note issued to investors on Tuesday morning,Benzinga reports. Barclays currently has an equal weight rating on the stock.

DINO has been the subject of a number of other research reports. Wells Fargo & Company began coverage on HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price target for the company. Morgan Stanley lifted their price objective on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Raymond James Financial reissued a “strong-buy” rating and set a $65.00 target price (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Finally, Wall Street Zen raised shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Sunday, January 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

HF Sinclair Stock Performance

Shares of DINO stock opened at $49.82 on Tuesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The firm has a market capitalization of $9.16 billion, a price-to-earnings ratio of 23.84 and a beta of 0.84. HF Sinclair has a one year low of $24.66 and a one year high of $56.58. The company has a 50 day moving average price of $50.32 and a 200 day moving average price of $49.34.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The company had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. HF Sinclair’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter last year, the business earned $0.51 EPS. Sell-side analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were paid a dividend of $0.50 per share. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.0%. HF Sinclair’s dividend payout ratio (DPR) is currently 95.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DINO. CI Investments Inc. increased its stake in HF Sinclair by 20.0% during the 3rd quarter. CI Investments Inc. now owns 1,121 shares of the company’s stock worth $59,000 after buying an additional 187 shares during the period. AMG National Trust Bank increased its position in shares of HF Sinclair by 0.4% during the third quarter. AMG National Trust Bank now owns 52,293 shares of the company’s stock worth $2,737,000 after acquiring an additional 234 shares during the last quarter. Nicollet Investment Management Inc. lifted its stake in shares of HF Sinclair by 1.9% in the third quarter. Nicollet Investment Management Inc. now owns 13,299 shares of the company’s stock worth $696,000 after acquiring an additional 250 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of HF Sinclair by 21.2% in the third quarter. Bessemer Group Inc. now owns 1,433 shares of the company’s stock worth $74,000 after acquiring an additional 251 shares in the last quarter. Finally, Unison Advisors LLC boosted its holdings in HF Sinclair by 1.1% in the third quarter. Unison Advisors LLC now owns 23,097 shares of the company’s stock valued at $1,209,000 after purchasing an additional 257 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

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.