The Goldman Sachs Group Increases HF Sinclair (NYSE:DINO) Price Target to $57.00

HF Sinclair (NYSE:DINOGet Rating) had its price objective increased by The Goldman Sachs Group to $57.00 in a report published on Tuesday morning, Stock Target Advisor reports.

Several other analysts also recently commented on the stock. Morgan Stanley raised their price objective on shares of HF Sinclair from $53.00 to $60.00 and gave the company an overweight rating in a research report on Friday, July 15th. Cowen upgraded shares of HF Sinclair from a market perform rating to an outperform rating and lifted their price target for the company from $38.00 to $52.00 in a report on Wednesday, May 11th. JPMorgan Chase & Co. lifted their price target on shares of HF Sinclair from $52.00 to $53.00 and gave the company a neutral rating in a report on Friday, July 8th. Wells Fargo & Company reduced their price target on shares of HF Sinclair from $67.00 to $62.00 and set an overweight rating on the stock in a report on Wednesday, August 10th. Finally, Credit Suisse Group lifted their price target on shares of HF Sinclair to $64.00 in a report on Thursday, June 9th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of Moderate Buy and a consensus price target of $59.25.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $53.03 on Tuesday. The stock has a market cap of $11.50 billion, a PE ratio of 6.80, a PEG ratio of 0.38 and a beta of 1.43. HF Sinclair has a 1-year low of $29.14 and a 1-year high of $58.50. The stock’s fifty day simple moving average is $47.86. The company has a quick ratio of 1.00, a current ratio of 1.89 and a debt-to-equity ratio of 0.34.

HF Sinclair (NYSE:DINOGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $5.59 EPS for the quarter, beating the consensus estimate of $4.56 by $1.03. The firm had revenue of $11.16 billion for the quarter, compared to the consensus estimate of $9.23 billion. HF Sinclair had a net margin of 5.61% and a return on equity of 20.74%. The company’s revenue was up 143.9% on a year-over-year basis. During the same period last year, the firm earned $0.87 EPS. As a group, research analysts anticipate that HF Sinclair will post 13.31 EPS for the current year.

HF Sinclair Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend was Wednesday, August 17th. HF Sinclair’s dividend payout ratio is 20.51%.

Insider Activity

In other news, Director Franklin Myers purchased 4,800 shares of the business’s stock in a transaction that occurred on Wednesday, August 17th. The shares were bought at an average cost of $51.98 per share, for a total transaction of $249,504.00. Following the acquisition, the director now owns 99,715 shares of the company’s stock, valued at approximately $5,183,185.70. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Manuel J. Fernandez sold 950 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $55.31, for a total transaction of $52,544.50. Following the transaction, the director now directly owns 9,803 shares in the company, valued at approximately $542,203.93. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Franklin Myers bought 4,800 shares of the company’s stock in a transaction on Wednesday, August 17th. The stock was bought at an average price of $51.98 per share, for a total transaction of $249,504.00. Following the completion of the purchase, the director now directly owns 99,715 shares in the company, valued at $5,183,185.70. The disclosure for this purchase can be found here. Corporate insiders own 0.35% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently added to or reduced their stakes in the stock. Canton Hathaway LLC bought a new position in HF Sinclair in the 2nd quarter worth about $25,000. Smith Group Asset Management LLC bought a new position in HF Sinclair in the 1st quarter worth about $29,000. M&T Bank Corp bought a new position in HF Sinclair in the 1st quarter worth about $29,000. Gradient Investments LLC bought a new position in HF Sinclair in the 1st quarter worth about $30,000. Finally, Bellwether Advisors LLC bought a new position in HF Sinclair in the 1st quarter worth about $29,000. 89.58% of the stock is currently owned by institutional investors.

HF Sinclair Company Profile

(Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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