HF Sinclair (NYSE:DINO) Price Target Raised to $44.00

HF Sinclair (NYSE:DINO) had its price objective increased by equities researchers at Wells Fargo & Company from $42.00 to $44.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective suggests a potential upside of 29.84% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. Barclays reduced their price objective on shares of HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. JPMorgan Chase & Co. lowered their price objective on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. TD Cowen lowered their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research note on Wednesday, December 18th. Mizuho lowered their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, December 16th. Finally, Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a research note on Friday, March 7th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.00.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $33.89 on Friday. HF Sinclair has a fifty-two week low of $29.85 and a fifty-two week high of $64.16. The firm has a market cap of $6.38 billion, a P/E ratio of 41.33 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. The firm has a 50 day simple moving average of $35.43 and a 200 day simple moving average of $39.39.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. Sell-side analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of institutional investors and hedge funds have recently made changes to their positions in DINO. Southeastern Asset Management Inc. TN bought a new stake in shares of HF Sinclair during the 4th quarter worth approximately $96,344,000. Balyasny Asset Management L.P. lifted its holdings in shares of HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after acquiring an additional 1,593,875 shares during the period. Norges Bank bought a new stake in shares of HF Sinclair during the 4th quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC lifted its holdings in shares of HF Sinclair by 114.1% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after acquiring an additional 1,126,825 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of HF Sinclair by 53.7% during the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after acquiring an additional 1,096,485 shares during the period. Institutional investors own 88.29% of the company’s stock.

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.