Barclays Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its target price reduced by Barclays from $42.00 to $37.00 in a report released on Monday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 1.70% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Morgan Stanley cut their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. BMO Capital Markets lowered their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Mizuho dropped their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Finally, UBS Group reduced their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average price target of $51.00.

HF Sinclair Trading Down 1.3 %

Shares of HF Sinclair stock opened at $36.38 on Monday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair has a 52 week low of $33.47 and a 52 week high of $64.16. The stock has a 50 day moving average price of $38.33 and a two-hundred day moving average price of $43.68. The stock has a market capitalization of $6.84 billion, a PE ratio of 22.46 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm had revenue of $7.21 billion for the quarter, compared to analyst estimates of $7.11 billion. During the same period last year, the firm earned $4.06 earnings per share. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. As a group, equities analysts anticipate that HF Sinclair will post 2.27 earnings per share for the current fiscal year.

Insider Buying and Selling at HF Sinclair

In other news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction dated Friday, November 1st. The shares were purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Atanas H. Atanasov acquired 7,000 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost 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 of the company’s stock, valued at $2,730,348.92. This represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 17,000 shares of company stock valued at $628,370 in the last 90 days. 0.28% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. lifted its position in HF Sinclair by 1,001.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,705 shares of the company’s stock worth $165,000 after buying an additional 4,278 shares during the last quarter. FNY Investment Advisers LLC purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $175,000. Adams Asset Advisors LLC lifted its holdings in shares of HF Sinclair by 30.5% in the 4th quarter. Adams Asset Advisors LLC now owns 252,356 shares of the company’s stock worth $8,845,000 after acquiring an additional 58,981 shares during the last quarter. Matrix Trust Co boosted its stake in shares of HF Sinclair by 478.3% in the 4th quarter. Matrix Trust Co now owns 3,331 shares of the company’s stock valued at $117,000 after purchasing an additional 2,755 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares during the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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.