HF Sinclair (NYSE:DINO) Downgraded by Zacks Research to “Hold”

Zacks Research downgraded shares of HF Sinclair (NYSE:DINO) from a strong-buy rating to a hold rating in a research report released on Monday morning,Zacks.com reports.

Several other research analysts have also issued reports on DINO. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Monday. The Goldman Sachs Group increased their price objective on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a report on Thursday, September 18th. Weiss Ratings restated a “hold (c-)” rating on shares of HF Sinclair in a report on Wednesday, October 8th. Piper Sandler upped their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the stock a “neutral” rating in a research report on Thursday, September 11th. Finally, TD Cowen increased their price target 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 investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair presently has an average rating of “Hold” and a consensus target price of $58.73.

HF Sinclair Trading Down 0.8%

Shares of NYSE:DINO traded down $0.45 on Monday, hitting $54.57. The company had a trading volume of 113,531 shares, compared to its average volume of 2,700,922. The firm’s 50-day simple moving average is $52.58 and its two-hundred day simple moving average is $45.08. The firm has a market capitalization of $10.04 billion, a price-to-earnings ratio of -118.45 and a beta of 0.99. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $56.24.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.50. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The company had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same quarter in the previous year, the company earned $0.51 earnings per share. HF Sinclair’s quarterly revenue was up .6% on a year-over-year basis. Equities analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Wednesday, November 19th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.7%. HF Sinclair’s dividend payout ratio (DPR) is presently 95.69%.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors have recently modified their holdings of DINO. Aster Capital Management DIFC Ltd purchased a new position in HF Sinclair in the 3rd quarter worth about $186,000. Banco Santander S.A. bought a new stake in shares of HF Sinclair in the third quarter worth approximately $730,000. R Squared Ltd purchased a new position in shares of HF Sinclair during the third quarter valued at approximately $1,014,000. Xponance Inc. lifted its position in HF Sinclair by 3.2% during the third quarter. Xponance Inc. now owns 20,029 shares of the company’s stock valued at $1,048,000 after purchasing an additional 628 shares during the period. Finally, Choreo LLC boosted its holdings in HF Sinclair by 2.9% in the third quarter. Choreo LLC now owns 11,066 shares of the company’s stock worth $579,000 after purchasing an additional 307 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair

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.