Mizuho Lowers HF Sinclair (NYSE:DINO) Price Target to $45.00

HF Sinclair (NYSE:DINO) had its price target lowered by equities research analysts at Mizuho from $50.00 to $45.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price would suggest a potential upside of 25.84% from the stock’s current price.

Other equities analysts have also issued reports about the stock. Morgan Stanley lowered their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a report on Monday, September 16th. UBS Group reduced 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. Piper Sandler dropped their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, Scotiabank reduced their target price on HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a report on Thursday, October 10th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $53.00.

HF Sinclair Trading Up 0.4 %

NYSE:DINO opened at $35.76 on Monday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 22.07 and a beta of 1.20. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The company has a fifty day moving average of $41.51 and a 200 day moving average of $46.26. HF Sinclair has a 52 week low of $35.31 and a 52 week high of $64.16.

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, topping the consensus estimate of $0.32 by $0.19. The business had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s revenue was down 19.1% on a year-over-year basis. During the same quarter last year, the business posted $4.06 EPS. On average, research analysts predict that HF Sinclair will post 2.27 earnings per share for the current year.

Insider Buying and Selling at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 7,000 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the transaction, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Franklin Myers bought 5,000 shares of the stock in a transaction dated Friday, November 1st. The stock was purchased at an average price of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now directly owns 145,293 shares in the company, 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. 0.28% of the stock is owned by company insiders.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new position in HF Sinclair in the 3rd quarter worth about $134,000. World Investment Advisors LLC purchased a new stake in shares of HF Sinclair in the third quarter valued at approximately $654,000. Pine Valley Investments Ltd Liability Co purchased a new stake in shares of HF Sinclair in the third quarter valued at approximately $5,927,000. Virtu Financial LLC bought a new position in HF Sinclair in the third quarter worth approximately $298,000. Finally, TD Private Client Wealth LLC increased its holdings in HF Sinclair by 51.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 3,938 shares of the company’s stock worth $176,000 after purchasing an additional 1,331 shares during the period. Hedge funds and other 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.