HF Sinclair (NYSE:DINO) PT Lowered to $53.00

HF Sinclair (NYSE:DINOGet Free Report) had its price target dropped by stock analysts at Wells Fargo & Company from $54.00 to $53.00 in a report released on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 15.42% from the stock’s previous close.

Several other research analysts have also commented on DINO. Mizuho lowered their price target on HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a research report on Monday, September 16th. Argus raised HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Barclays cut their price target on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday. Piper Sandler lowered their target price on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Finally, Morgan Stanley dropped their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $55.82.

Read Our Latest Analysis on DINO

HF Sinclair Stock Performance

HF Sinclair stock opened at $45.92 on Wednesday. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 5.68 and a beta of 1.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. The firm has a 50 day simple moving average of $46.56 and a 200-day simple moving average of $51.95. HF Sinclair has a 1-year low of $43.88 and a 1-year high of $64.16.

HF Sinclair (NYSE:DINOGet Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period in the prior year, the business posted $2.60 EPS. The company’s revenue was up .2% compared to the same quarter last year. On average, analysts expect that HF Sinclair will post 2.84 EPS for the current year.

Institutional Trading of HF Sinclair

Several institutional investors and hedge funds have recently made changes to their positions in DINO. Unison Advisors LLC boosted its stake in HF Sinclair by 0.8% in the 1st quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after buying an additional 179 shares during the last quarter. Capital Advisors Wealth Management LLC grew its holdings in HF Sinclair by 2.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after purchasing an additional 190 shares during the period. Poehling Capital Management INC. increased its position in HF Sinclair by 0.3% during the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock worth $3,989,000 after purchasing an additional 203 shares during the last quarter. Empirical Finance LLC raised its stake in HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after purchasing an additional 228 shares during the period. Finally, Fifth Third Bancorp boosted its holdings in shares of HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

About HF Sinclair

(Get Free Report)

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.

Further Reading

Analyst Recommendations for HF Sinclair (NYSE:DINO)

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