Analysts Set HF Sinclair Co. (NYSE:DINO) Target Price at $55.82

HF Sinclair Co. (NYSE:DINO) has been given a consensus recommendation of “Moderate Buy” by the thirteen ratings firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $55.82.

Several equities research analysts have commented on DINO shares. BMO Capital Markets reduced their target price 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. JPMorgan Chase & Co. cut their price objective on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Morgan Stanley reduced their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Barclays dropped their target price on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. Finally, Mizuho reduced their price target on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th.

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of DINO. Poehling Capital Management INC. grew 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 valued at $3,989,000 after acquiring an additional 203 shares during the last quarter. V Square Quantitative Management LLC boosted its position in HF Sinclair by 11.1% during the third quarter. V Square Quantitative Management LLC now owns 2,262 shares of the company’s stock valued at $101,000 after buying an additional 226 shares during the period. Empirical Finance LLC grew its stake in shares of HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after buying an additional 228 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of HF Sinclair by 6.7% during the second 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 period. Finally, Matrix Trust Co grew its holdings in shares of HF Sinclair by 122.4% in the third quarter. Matrix Trust Co now owns 576 shares of the company’s stock worth $26,000 after purchasing an additional 317 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Price Performance

HF Sinclair stock opened at $38.61 on Friday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The business’s 50 day simple moving average is $45.29 and its 200 day simple moving average is $50.02. HF Sinclair has a 12 month low of $38.25 and a 12 month high of $64.16. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 6.18 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.06. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm’s quarterly revenue was up .2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.60 EPS. Sell-side analysts forecast that HF Sinclair will post 2.32 EPS for the current year.

About HF Sinclair

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.