HF Sinclair (NYSE:DINO) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of HF Sinclair (NYSE:DINO – Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday.

DINO has been the topic of several other research reports. Scotiabank restated an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Wolfe Research lowered shares of HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. Mizuho boosted their target price on HF Sinclair from $52.00 to $60.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. UBS Group increased their price objective on shares of HF Sinclair from $58.00 to $63.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Barclays lifted their price target on HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

Check Out Our Latest Stock Report on DINO

HF Sinclair Trading Up 0.3%

HF Sinclair stock opened at $54.72 on Friday. The stock has a market cap of $10.24 billion, a PE ratio of -118.96 and a beta of 1.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The stock has a 50-day moving average of $51.58 and a two-hundred day moving average of $43.07. HF Sinclair has a one year low of $24.66 and a one year high of $55.63.

HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $1.70 EPS for the quarter, beating the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm’s revenue was down 13.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.78 earnings per share. On average, research analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Thursday, August 21st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, August 21st. This represents a $2.00 annualized dividend and a dividend yield of 3.7%. HF Sinclair’s dividend payout ratio is presently -434.78%.

Insider Transactions 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 transaction of $467,830.00. Following the transaction, the executive vice president directly owned 39,591 shares in the company, valued at $1,683,805.23. This represents a 21.74% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. WESPAC Advisors LLC purchased a new stake in HF Sinclair during the 3rd quarter worth $824,000. TD Private Client Wealth LLC raised its position in HF Sinclair by 13.8% in the third quarter. TD Private Client Wealth LLC now owns 4,415 shares of the company’s stock valued at $231,000 after purchasing an additional 534 shares during the period. Quent Capital LLC purchased a new position in HF Sinclair in the third quarter valued at about $28,000. RWC Asset Management LLP raised its position in HF Sinclair by 30.3% in the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock valued at $7,518,000 after purchasing an additional 33,394 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of HF Sinclair in the third quarter valued at about $288,000. Institutional investors and hedge funds 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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