HF Sinclair (NYSE:DINO – Free Report) had its price target raised by The Goldman Sachs Group from $81.00 to $109.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a buy rating on the stock.
Several other research analysts have also recently commented on DINO. TD Cowen boosted their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a report on Tuesday. Morgan Stanley boosted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. Mizuho reissued a “neutral” rating and issued a $79.00 target price (up from $67.00) on shares of HF Sinclair in a report on Wednesday, May 27th. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of HF Sinclair in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $79.08.
Read Our Latest Stock Report on DINO
HF Sinclair Stock Performance
HF Sinclair (NYSE:DINO – Get Free Report) last released its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) earnings per share. On average, analysts predict that HF Sinclair will post 11.15 earnings per share for the current fiscal year.
HF Sinclair Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 2nd. Stockholders of record on Monday, May 11th were issued a $0.50 dividend. The ex-dividend date was Monday, May 11th. This represents a $2.00 annualized dividend and a dividend yield of 2.3%. HF Sinclair’s dividend payout ratio is presently 30.08%.
Insider Transactions at HF Sinclair
In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total value of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares in the company, valued at $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the transaction, the chief financial officer directly owned 11,475 shares in the company, valued at approximately $824,937.75. The trade was a 5.88% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 13,736 shares of company stock worth $954,694. Insiders own 0.26% of the company’s stock.
Institutional Trading of HF Sinclair
A number of large investors have recently made changes to their positions in DINO. V Square Quantitative Management LLC acquired a new position in HF Sinclair during the fourth quarter worth approximately $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $29,000. Fairway Wealth LLC purchased a new position in shares of HF Sinclair during the first quarter worth approximately $41,000. Nalls Sherbakoff Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $36,000. Finally, Main Street Group LTD acquired a new position in shares of HF Sinclair in the 1st quarter valued at $54,000. 88.29% of the stock is owned by institutional investors and hedge funds.
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.
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