Wells Fargo & Company Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its price target cut by research analysts at Wells Fargo & Company from $44.00 to $34.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 6.25% from the company’s current price.

Several other brokerages have also issued reports on DINO. Barclays lowered their target price on HF Sinclair from $35.00 to $29.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Piper Sandler reduced their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday. Mizuho lowered their price target on shares of HF Sinclair from $45.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. Finally, Morgan Stanley dropped their target price on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and an average target price of $42.30.

HF Sinclair Price Performance

HF Sinclair stock opened at $32.00 on Friday. The company has a market capitalization of $6.03 billion, a PE ratio of 39.02 and a beta of 1.00. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average price of $31.00 and a two-hundred day moving average price of $35.82. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $58.73.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping the consensus estimate of ($0.41) by $0.14. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The business had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. During the same period last year, the company earned $0.71 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. Analysts expect that HF Sinclair will post 2.39 EPS for the current year.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by insiders.

Institutional Trading of HF Sinclair

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair during the fourth quarter worth $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of HF Sinclair in the 4th quarter worth $31,000. Lee Danner & Bass Inc. bought a new stake in shares of HF Sinclair in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new position in HF Sinclair during the first quarter worth about $35,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.