HF Sinclair (NYSE:DINO) PT Raised to $50.00

HF Sinclair (NYSE:DINOGet Rating) had its price target raised by analysts at Morgan Stanley from $44.00 to $50.00 in a report issued on Monday, The Fly reports. Morgan Stanley’s target price would suggest a potential upside of 31.06% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the stock. JPMorgan Chase & Co. began coverage on shares of HF Sinclair in a research note on Wednesday, March 16th. They set a “neutral” rating and a $36.00 price target for the company. Piper Sandler dropped their price target on shares of HF Sinclair from $50.00 to $47.00 in a research note on Monday. Wells Fargo & Company began coverage on shares of HF Sinclair in a research note on Wednesday, March 23rd. They issued an “overweight” rating and a $43.00 target price for the company. Finally, The Goldman Sachs Group raised shares of HF Sinclair from a “sell” rating to a “neutral” rating and upped their target price for the company from $32.00 to $43.00 in a research note on Wednesday, March 30th.

DINO opened at $38.15 on Monday. The company has a quick ratio of 0.79, a current ratio of 1.82 and a debt-to-equity ratio of 0.49. The company has a market cap of $6.22 billion, a P/E ratio of 11.22 and a beta of 1.65. HF Sinclair has a fifty-two week low of $27.17 and a fifty-two week high of $40.71.

A number of large investors have recently modified their holdings of DINO. ForthRight Wealth Management LLC bought a new stake in shares of HF Sinclair during the first quarter worth $86,000. Hexagon Capital Partners LLC bought a new stake in shares of HF Sinclair during the first quarter worth $60,000. Wedge Capital Management L L P NC bought a new stake in shares of HF Sinclair during the first quarter worth $259,000. Fruth Investment Management bought a new stake in shares of HF Sinclair during the first quarter worth $350,000. Finally, Pacer Advisors Inc. bought a new stake in shares of HF Sinclair during the first quarter worth $399,000. 87.81% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair (Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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