UBS Group Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

HF Sinclair (NYSE:DINO) had its price objective increased by equities research analysts at UBS Group from $48.00 to $51.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 16.52% from the stock’s current price.

A number of other equities analysts have also weighed in on DINO. Barclays upped their price target on shares of HF Sinclair from $32.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 9th. Wall Street Zen raised shares of HF Sinclair from a “hold” rating to a “buy” rating in a report on Saturday. Morgan Stanley increased their price target on HF Sinclair from $44.00 to $50.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Mizuho raised HF Sinclair from a “neutral” rating to an “outperform” rating and raised their price target for the company from $40.00 to $47.00 in a report on Tuesday, May 13th. Finally, Wells Fargo & Company upped their price objective on HF Sinclair from $34.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.45.

HF Sinclair Price Performance

NYSE DINO opened at $43.77 on Monday. The business’s fifty day moving average is $41.64 and its 200 day moving average is $36.30. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $49.92. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The company has a market capitalization of $8.19 billion, a PE ratio of -95.15 and a beta of 0.97.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, July 31st. The company reported $1.70 EPS for the quarter, topping the consensus estimate of $1.09 by $0.61. The firm had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%. The business’s revenue for the quarter was down 13.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Sell-side analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

Insider Activity

In related news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the transaction, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors have recently modified their holdings of the stock. CWA Asset Management Group LLC bought a new stake in HF Sinclair in the first quarter worth $421,000. Pacific Heights Asset Management LLC lifted its holdings in shares of HF Sinclair by 9.1% in the 1st quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company’s stock worth $7,891,000 after acquiring an additional 20,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in HF Sinclair by 72.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company’s stock valued at $1,684,000 after purchasing an additional 21,597 shares during the last quarter. Principal Financial Group Inc. raised its position in HF Sinclair by 2.2% in the 1st quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company’s stock worth $42,399,000 after purchasing an additional 27,764 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of HF Sinclair by 7.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company’s stock valued at $4,354,000 after buying an additional 9,070 shares during the period. 88.29% of the stock is owned by institutional investors.

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.