HF Sinclair (NYSE:DINO) Upgraded at Argus

Argus upgraded shares of HF Sinclair (NYSE:DINO) to a hold rating in a report released on Tuesday,Zacks.com reports.

A number of other equities research analysts have also recently weighed in on the company. BMO Capital Markets dropped their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research note on Monday. TD Cowen lifted their target price on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research report on Thursday, February 19th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. Scotiabank lowered shares of HF Sinclair from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $62.00 to $53.00 in a research note on Wednesday, February 18th. Finally, UBS Group upped their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. One research 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 given a Sell rating to the company. According to MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $58.73.

HF Sinclair Trading Down 5.6%

Shares of DINO traded down $2.87 during midday trading on Tuesday, reaching $47.88. The company had a trading volume of 559,450 shares, compared to its average volume of 2,736,447. HF Sinclair has a 1-year low of $24.66 and a 1-year high of $59.33. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $50.87 and a 200-day simple moving average of $51.20. The stock has a market cap of $8.81 billion, a PE ratio of 15.76 and a beta of 0.87.

HF Sinclair (NYSE:DINO) last issued its earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.16%. HF Sinclair’s quarterly revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the firm earned ($1.02) earnings per share. Research analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Monday, March 2nd will be issued a $0.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $2.00 annualized dividend and a dividend yield of 4.2%. HF Sinclair’s payout ratio is presently 65.15%.

Institutional Trading of HF Sinclair

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in shares of HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after acquiring an additional 446,867 shares during the period. Dimensional Fund Advisors LP increased its stake in HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after purchasing an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in HF Sinclair by 0.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after purchasing an additional 48,103 shares during the last quarter. State Street Corp raised its holdings in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after purchasing an additional 22,150 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after purchasing an additional 523,709 shares in the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

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.