HF Sinclair (NYSE:DINO) Price Target Cut to $56.00

HF Sinclair (NYSE:DINO) had its price target reduced by stock analysts at Barclays from $60.00 to $56.00 in a note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 6.14% from the company’s previous close.

Several other research analysts have also issued reports on DINO. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and increased their price target for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Piper Sandler dropped their price target on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Wells Fargo & Company decreased their price objective on HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, June 6th. Mizuho reduced their price target on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research report on Thursday, June 20th. Finally, Scotiabank lifted their target price on HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.42.

HF Sinclair Price Performance

NYSE:DINO traded down $0.58 during trading hours on Monday, reaching $52.76. 118,590 shares of the company’s stock were exchanged, compared to its average volume of 2,003,229. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $10.14 billion, a P/E ratio of 6.57 and a beta of 1.20. The business’s 50-day simple moving average is $54.95 and its two-hundred day simple moving average is $56.54. HF Sinclair has a 12 month low of $43.29 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. During the same period in the previous year, the company earned $2.00 earnings per share. The company’s revenue was down 7.1% compared to the same quarter last year. Sell-side analysts expect that HF Sinclair will post 5.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Franklin Myers acquired 6,500 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $57.37 per share, with a total value of $372,905.00. Following the acquisition, the director now owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of DINO. Rise Advisors LLC bought a new position in shares of HF Sinclair in the first quarter worth approximately $26,000. Principal Securities Inc. bought a new stake in shares of HF Sinclair during the 4th quarter valued at $30,000. Riverview Trust Co bought a new stake in shares of HF Sinclair during the 1st quarter valued at $31,000. Pingora Partners LLC purchased a new position in HF Sinclair during the fourth quarter valued at $35,000. Finally, Baystate Wealth Management LLC purchased a new position in HF Sinclair during the fourth quarter valued at $37,000. Institutional investors 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.