HF Sinclair (NYSE:DINO) Given New $57.00 Price Target at Morgan Stanley

HF Sinclair (NYSE:DINO) had its price objective cut by Morgan Stanley from $63.00 to $57.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 22.48% from the stock’s current price.

Several other analysts also recently commented on DINO. Wells Fargo & Company dropped their target price on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. Piper Sandler cut their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. UBS Group reduced their target price on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Barclays lifted their price target on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Finally, Argus raised HF Sinclair to a “hold” rating in a research report on Wednesday, June 26th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.55.

HF Sinclair Price Performance

DINO opened at $46.54 on Monday. The stock has a market cap of $8.94 billion, a P/E ratio of 5.76 and a beta of 1.18. HF Sinclair has a 12 month low of $44.07 and a 12 month high of $64.16. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. The company has a fifty day simple moving average of $47.65 and a 200 day simple moving average of $53.32.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same period in the prior year, the company earned $2.60 earnings per share. The company’s revenue for the quarter was up .2% compared to the same quarter last year. On average, research analysts expect that HF Sinclair will post 3.69 EPS for the current year.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in HF Sinclair during the first quarter worth $26,000. Principal Securities Inc. bought a new stake in shares of HF Sinclair in the 4th quarter valued at about $30,000. Riverview Trust Co acquired a new stake in HF Sinclair in the 1st quarter valued at about $31,000. Innealta Capital LLC bought a new position in HF Sinclair during the second quarter worth about $34,000. Finally, Pingora Partners LLC acquired a new position in HF Sinclair during the fourth quarter worth approximately $35,000. 88.29% of the stock is owned by 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.