HF Sinclair (NYSE:DINO – Free Report) had its price objective boosted by Mizuho from $85.00 to $119.00 in a report published on Thursday, MarketBeat Ratings reports. The brokerage currently has a neutral rating on the stock.
Several other equities analysts have also recently commented on the stock. Barclays boosted their price target on shares of HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a report on Wednesday, July 29th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Weiss Ratings raised HF Sinclair from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Morgan Stanley boosted their target price on HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a research note on Monday, September 14th. Finally, TD Cowen upped their target price on HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.00.
Read Our Latest Analysis on HF Sinclair
HF Sinclair Stock Performance
HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, beating the consensus estimate of $4.49 by $0.82. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. During the same quarter in the prior year, the business earned $1.10 EPS. The company’s revenue for the quarter was up 53.2% compared to the same quarter last year. Research analysts anticipate that HF Sinclair will post 18.15 earnings per share for the current fiscal year.
HF Sinclair Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 2nd. Stockholders of record on Tuesday, August 11th were paid a dividend of $0.5250 per share. This is a positive change from HF Sinclair’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, August 11th. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. HF Sinclair’s dividend payout ratio (DPR) is currently 20.04%.
Insider Buying and Selling at HF Sinclair
In other news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.26% of the company’s stock.
Institutional Investors Weigh In On HF Sinclair
A number of large investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in HF Sinclair during the second quarter valued at about $1,291,602,000. Dimensional Fund Advisors LP boosted its stake in shares of HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after acquiring an additional 103,135 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of HF Sinclair by 3.8% during the 1st quarter. Bank of New York Mellon Corp now owns 2,063,790 shares of the company’s stock worth $128,760,000 after acquiring an additional 75,798 shares in the last quarter. NFJ Investment Group LLC increased its holdings in shares of HF Sinclair by 1,275.3% during the 4th quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after acquiring an additional 1,737,318 shares during the last quarter. Finally, Bank of America Corp DE acquired a new position in shares of HF Sinclair during the 2nd quarter valued at about $89,846,000. 88.29% of the stock is currently owned by institutional investors.
HF Sinclair Company Profile
HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.
HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.
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