HF Sinclair (NYSE:DINO) Price Target Cut to $64.00

HF Sinclair (NYSE:DINOGet Free Report) had its target price dropped by research analysts at Mizuho from $65.00 to $64.00 in a report released on Monday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s target price would indicate a potential upside of 12.52% from the stock’s current price.

Several other equities analysts also recently commented on DINO. Barclays assumed coverage on HF Sinclair in a research report on Monday, February 26th. They issued an “equal weight” rating and a $60.00 target price for the company. Wells Fargo & Company increased their target price on HF Sinclair from $64.00 to $67.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. TD Cowen raised their price objective on HF Sinclair from $50.00 to $52.00 and gave the stock a “market perform” rating in a research report on Thursday, February 22nd. Bank of America upgraded HF Sinclair from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $62.00 to $78.00 in a research report on Friday, March 15th. Finally, Piper Sandler raised their price objective on HF Sinclair from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. Four analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $64.92.

Read Our Latest Stock Analysis on HF Sinclair

HF Sinclair Price Performance

Shares of DINO stock opened at $56.88 on Monday. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26. HF Sinclair has a twelve month low of $39.08 and a twelve month high of $64.16. The company has a market cap of $10.93 billion, a P/E ratio of 7.04 and a beta of 1.31. The business has a fifty day simple moving average of $58.44 and a 200 day simple moving average of $56.43.

HF Sinclair (NYSE:DINOGet Free Report) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.16. The business had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. HF Sinclair had a return on equity of 15.10% and a net margin of 4.94%. HF Sinclair’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.00 EPS. On average, sell-side analysts forecast that HF Sinclair will post 6.46 EPS for the current fiscal year.

Insider Buying and Selling

In other HF Sinclair news, Director Franklin Myers purchased 4,180 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were acquired at an average cost of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the acquisition, the director now owns 131,793 shares of the company’s stock, valued at approximately $7,767,879.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Manuel J. Fernandez sold 1,213 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $61.10, for a total transaction of $74,114.30. Following the sale, the director now directly owns 9,828 shares in the company, valued at approximately $600,490.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Franklin Myers acquired 4,180 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were bought at an average price of $58.94 per share, for a total transaction of $246,369.20. Following the completion of the purchase, the director now owns 131,793 shares in the company, valued at approximately $7,767,879.42. The disclosure for this purchase can be found here. 0.28% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently made changes to their positions in DINO. Rise Advisors LLC purchased a new position in shares of HF Sinclair in the 1st quarter worth about $26,000. Principal Securities Inc. bought a new position in HF Sinclair during the 4th quarter valued at approximately $30,000. North Star Investment Management Corp. raised its position in shares of HF Sinclair by 4,990.9% in the 4th quarter. North Star Investment Management Corp. now owns 560 shares of the company’s stock worth $31,000 after acquiring an additional 549 shares in the last quarter. Riverview Trust Co bought a new position in shares of HF Sinclair in the 1st quarter worth approximately $31,000. Finally, Pingora Partners LLC purchased a new stake in shares of HF Sinclair in the 4th quarter worth approximately $35,000. 88.29% of the stock is currently owned by institutional investors.

About HF Sinclair

(Get Free Report)

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.

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Analyst Recommendations for HF Sinclair (NYSE:DINO)

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