HF Sinclair (NYSE:DINO) Price Target Raised to $54.00 at Scotiabank

HF Sinclair (NYSE:DINO) had its price target boosted by Scotiabank from $53.00 to $54.00 in a research note issued to investors on Wednesday morning,Benzinga reports. The firm currently has a sector perform rating on the stock.

A number of other research firms also recently weighed in on DINO. Wall Street Zen downgraded shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 12th. Raymond James Financial raised their price target on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a report on Wednesday, March 25th. Argus upgraded shares of HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. Wells Fargo & Company raised their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a report on Friday, March 27th. One investment 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.00.

HF Sinclair Stock Down 0.1%

DINO stock opened at $59.50 on Wednesday. HF Sinclair has a 12-month low of $29.23 and a 12-month high of $64.70. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The company has a market cap of $10.73 billion, a price-to-earnings ratio of 19.38 and a beta of 0.70. The company has a 50 day moving average of $57.26 and a two-hundred day moving average of $53.46.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion during 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 10.20%. The company’s revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($1.02) EPS. On average, equities analysts anticipate that HF Sinclair will post 5.92 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 12th. Investors of record on Monday, March 2nd were paid a $0.50 dividend. The ex-dividend date was Monday, March 2nd. This represents a $2.00 dividend on an annualized basis and a yield of 3.4%. HF Sinclair’s dividend payout ratio (DPR) is presently 65.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. V Square Quantitative Management LLC acquired a new position in HF Sinclair in the 4th quarter valued at $26,000. Quent Capital LLC acquired a new stake in HF Sinclair in the 3rd quarter worth $28,000. REAP Financial Group LLC acquired a new stake in HF Sinclair in the 4th quarter worth $29,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the 4th quarter worth $36,000. Finally, State of Wyoming acquired a new stake in HF Sinclair in the 2nd quarter worth $41,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.