What is the target price for HF Sinclair stock?

Finally, Morgan Stanley increased their target price 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. In other HF Sinclair news, SVP Vaishali S. Bhatia sold 10,435 shares of the company’s stock in a transaction dated Thursday, August 18th.

Should you buy HF Sinclair (Dino) stock in 2022?

In 2022, HF Sinclair's revenue was $38.20 billion, an increase of 107.76% compared to the previous year's $18.39 billion. Earnings were $2.92 billion, an increase of 423.47%. According to 10 analysts, the average rating for DINO stock is "Buy." The 12-month stock price forecast is $63.7, which is an increase of 21.08% from the latest price.

What is HF Sinclair Corporation?

HF Sinclair Corporation is a mid-sized oil refiner with 7 refineries and a combined 678,000 bpd of refining capacity.

Is HF Sinclair's dividend unsustainable?

Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. HF Sinclair has a low and conservative payout ratio of just 4. 5% of its income after tax.