HF Sinclair (NYSE:DINO) Given New $52.00 Price Target at Wells Fargo & Company

HF Sinclair (NYSE:DINOGet Rating) had its price objective raised by Wells Fargo & Company from $47.00 to $52.00 in a research note published on Tuesday morning, The Fly reports.

Other analysts also recently issued research reports about the company. Morgan Stanley lifted their price objective on HF Sinclair from $44.00 to $50.00 and gave the stock an overweight rating in a research note on Monday, April 18th. JPMorgan Chase & Co. assumed coverage on shares of HF Sinclair in a research report on Wednesday, March 16th. They issued a neutral rating and a $36.00 price target on the stock. The Goldman Sachs Group upgraded shares of HF Sinclair from a sell rating to a neutral rating and increased their price objective for the company from $32.00 to $43.00 in a research report on Wednesday, March 30th. Finally, Piper Sandler reduced their target price on shares of HF Sinclair from $50.00 to $47.00 and set an overweight rating on the stock in a report on Monday, April 18th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $47.14.

DINO stock opened at $46.86 on Tuesday. The stock has a market capitalization of $7.64 billion, a P/E ratio of 13.78 and a beta of 1.57. The stock has a fifty day moving average of $38.51. HF Sinclair has a one year low of $27.17 and a one year high of $47.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.73 and a quick ratio of 0.79.

HF Sinclair (NYSE:DINOGet Rating) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.14 by $0.85. The business had revenue of $7.46 billion for the quarter, compared to analysts’ expectations of $4.81 billion. HF Sinclair had a net margin of 2.55% and a return on equity of 7.42%. The business’s quarterly revenue was up 112.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.53) EPS. As a group, equities analysts expect that HF Sinclair will post 6.31 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 2nd. Stockholders of record on Monday, May 23rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, May 20th.

Hedge funds have recently added to or reduced their stakes in the stock. NorthCrest Asset Manangement LLC purchased a new position in shares of HF Sinclair during the first quarter valued at approximately $573,000. Hollencrest Capital Management bought a new stake in shares of HF Sinclair during the 1st quarter worth approximately $236,000. Pacer Advisors Inc. purchased a new position in HF Sinclair during the 1st quarter valued at $399,000. Gateway Investment Advisers LLC bought a new position in HF Sinclair in the 1st quarter valued at $2,585,000. Finally, Wedge Capital Management L L P NC purchased a new stake in HF Sinclair in the first quarter worth $259,000. 88.24% of the stock is owned by hedge funds and other 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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