TD Cowen Lowers HF Sinclair (NYSE:DINO) Price Target to $35.00

HF Sinclair (NYSE:DINO) had its target price dropped by investment analysts at TD Cowen from $43.00 to $35.00 in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target would indicate a potential upside of 3.95% from the company’s current price.

DINO has been the subject of several other research reports. UBS Group cut their price target on HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a report on Monday, November 4th. Mizuho reduced their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday. JPMorgan Chase & Co. lowered their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. BMO Capital Markets dropped 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. Finally, Scotiabank lowered their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a research note on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $51.45.

HF Sinclair Trading Down 3.0 %

Shares of HF Sinclair stock opened at $33.67 on Wednesday. The company has a market cap of $6.34 billion, a price-to-earnings ratio of 20.78 and a beta of 1.20. HF Sinclair has a 1 year low of $33.52 and a 1 year high of $64.16. The company’s fifty day simple moving average is $41.06 and its 200-day simple moving average is $46.09. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24.

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

Insider Activity

In related news, CFO Atanas H. Atanasov acquired 7,000 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were purchased at an average price of $37.96 per share, with a total value of $265,720.00. Following the acquisition, the chief financial officer now directly owns 71,927 shares in the company, valued at $2,730,348.92. The trade was a 10.78 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was bought at an average cost of $38.76 per share, with a total value of $193,800.00. Following the completion of the purchase, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. The trade was a 3.56 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 17,000 shares of company stock worth $628,370. Insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the stock. Matrix Trust Co lifted its holdings in HF Sinclair by 122.4% during the 3rd quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after buying an additional 317 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in shares of HF Sinclair during the third quarter worth $27,000. Innealta Capital LLC acquired a new position in shares of HF Sinclair during the second quarter valued at $34,000. Massmutual Trust Co. FSB ADV boosted its holdings in HF Sinclair by 82.2% in the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after acquiring an additional 370 shares during the last quarter. Finally, Millburn Ridgefield Corp acquired a new stake in HF Sinclair in the third quarter worth about $50,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

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.