Mizuho Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

by · The Cerbat Gem

HF Sinclair (NYSE:DINO – Free Report) had its price objective raised by Mizuho from $52.00 to $60.00 in a research note released on Monday, Marketbeat Ratings reports. Mizuho currently has an outperform rating on the stock.

Other analysts have also issued reports about the company. Scotiabank boosted their target price on HF Sinclair from $49.00 to $61.00 and gave the company a “sector outperform” rating in a research note on Friday, July 11th. Wall Street Zen raised HF Sinclair from a “hold” rating to a “buy” rating in a report on Saturday, August 2nd. Piper Sandler boosted their price objective on HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a research note on Thursday, September 11th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of HF Sinclair in a report on Tuesday, September 9th. Finally, TD Cowen lifted their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, August 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $52.55.

Read Our Latest Stock Report on HF Sinclair

HF Sinclair Stock Down 0.2%

Shares of NYSE:DINO opened at $52.62 on Monday. The business has a fifty day moving average price of $46.89 and a two-hundred day moving average price of $38.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The company has a market capitalization of $9.84 billion, a PE ratio of -114.40 and a beta of 1.07. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $53.33.

HF Sinclair (NYSE:DINO – Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company had revenue of $6.78 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the business posted $0.78 EPS. HF Sinclair’s quarterly revenue was down 13.5% compared to the same quarter last year. Analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

HF Sinclair Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Shareholders of record on Thursday, August 21st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Thursday, August 21st. HF Sinclair’s payout ratio is presently -434.78%.

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares of the company’s stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. Kiker Wealth Management LLC bought a new position in HF Sinclair in the 2nd quarter valued at $32,000. Johnson Financial Group Inc. purchased a new stake in shares of HF Sinclair in the second quarter worth $33,000. Byrne Asset Management LLC bought a new stake in HF Sinclair during the first quarter valued at $35,000. West Oak Capital LLC bought a new stake in HF Sinclair during the second quarter valued at $38,000. Finally, Allworth Financial LP grew its position in HF Sinclair by 553.9% during the first quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after buying an additional 1,130 shares in the last quarter. Institutional investors own 88.29% of the company’s stock.

About HF Sinclair

(Get Free Report)

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.

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