HF Sinclair (NYSE:DINO) Given New $45.00 Price Target at Mizuho

HF Sinclair (NYSE:DINO) had its price objective reduced by Mizuho from $50.00 to $45.00 in a research note released on Monday morning,Benzinga reports. Mizuho currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on the stock. UBS Group cut their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a report on Monday, November 4th. BMO Capital Markets lowered their price objective on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Barclays cut their target price on HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, November 11th. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Scotiabank reduced their price objective on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, HF Sinclair presently has an average rating of “Hold” and an average target price of $51.45.

HF Sinclair Price Performance

Shares of DINO stock opened at $34.70 on Monday. The company has a market cap of $6.53 billion, a P/E ratio of 21.42 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The stock’s 50-day moving average is $41.31 and its 200 day moving average is $46.18. HF Sinclair has a 1-year low of $34.58 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.32 by $0.19. The firm had revenue of $7.21 billion during the quarter, compared to analyst estimates of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. HF Sinclair’s revenue was down 19.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.06 EPS. Research analysts predict that HF Sinclair will post 2.27 earnings per share for the current fiscal year.

HF Sinclair Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 5.76%. HF Sinclair’s dividend payout ratio (DPR) is currently 123.46%.

Insider Activity

In related news, Director Franklin Myers purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was bought at an average price of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. The trade was a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. This represents a 10.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of HF Sinclair during the third quarter valued at approximately $134,000. World Investment Advisors LLC acquired a new position in HF Sinclair in the 3rd quarter valued at $654,000. Pine Valley Investments Ltd Liability Co purchased a new position in HF Sinclair in the 3rd quarter valued at $5,927,000. Virtu Financial LLC acquired a new stake in HF Sinclair during the 3rd quarter worth $298,000. Finally, TD Private Client Wealth LLC raised its position in shares of HF Sinclair by 51.1% in the third quarter. TD Private Client Wealth LLC now owns 3,938 shares of the company’s stock valued at $176,000 after buying an additional 1,331 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.