HF Sinclair (NYSE:DINO) Cut to Buy at Wall Street Zen
by Doug Wharley · The Cerbat GemWall Street Zen lowered shares of HF Sinclair (NYSE:DINO – Free Report) from a strong-buy rating to a buy rating in a research report released on Sunday morning.
Other equities research analysts also recently issued reports about the stock. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a research report on Tuesday, March 31st. TD Cowen raised their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research report on Friday, March 27th. Barclays lowered their price objective on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th. Finally, Scotiabank upgraded HF Sinclair to a “hold” rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $61.91.
HF Sinclair Trading Down 2.4%
DINO stock opened at $57.16 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The company has a fifty day moving average price of $57.14 and a two-hundred day moving average price of $53.18. HF Sinclair has a one year low of $27.33 and a one year high of $64.70. The stock has a market cap of $10.30 billion, a price-to-earnings ratio of 18.62 and a beta of 0.70.
HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The firm had revenue of $6.46 billion during 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%. The company’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the previous year, the business posted ($1.02) earnings per share. Equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.
HF Sinclair Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, March 2nd. HF Sinclair’s dividend payout ratio is presently 65.15%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in DINO. 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 lifted its position in shares of HF Sinclair by 6.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock valued at $484,631,000 after acquiring an additional 560,194 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after acquiring an additional 48,103 shares during the period. State Street Corp lifted its position in shares of HF Sinclair by 0.4% during the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after acquiring an additional 22,150 shares during the period. Finally, AQR Capital Management LLC lifted its position in shares of HF Sinclair by 13.7% during the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after acquiring an additional 523,709 shares during the period. Institutional investors and hedge funds 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.