Wells Fargo & Company Begins Coverage on HF Sinclair (NYSE:DINO)

Research analysts at Wells Fargo & Company began coverage on shares of HF Sinclair (NYSE:DINO) in a research report issued on Friday, Marketbeat Ratings reports. The firm set an “equal weight” rating and a $58.00 price target on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 11.90% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Weiss Ratings restated a “hold (c-)” rating on shares of HF Sinclair in a report on Wednesday, October 8th. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Wolfe Research cut HF Sinclair from a “peer perform” rating to an “underperform” rating in a report on Monday, July 14th. Morgan Stanley lifted their price target on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a report on Friday, October 3rd. Finally, Raymond James Financial reiterated a “strong-buy” rating on shares of HF Sinclair in a report on Tuesday, September 9th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $58.36.

HF Sinclair Price Performance

Shares of NYSE DINO opened at $51.83 on Friday. The stock has a market capitalization of $9.70 billion, a price-to-earnings ratio of -112.67 and a beta of 1.00. The business has a 50-day moving average of $50.50 and a 200-day moving average of $41.88. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $54.73.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.61. The company had revenue of $6.78 billion during the quarter, compared to analysts’ expectations of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.HF Sinclair’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 EPS. As a group, sell-side analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the business’s stock in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the completion of the sale, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently made changes to their positions in DINO. GAMMA Investing LLC boosted its holdings in shares of HF Sinclair by 152.4% during the first quarter. GAMMA Investing LLC now owns 4,467 shares of the company’s stock worth $147,000 after acquiring an additional 2,697 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of HF Sinclair by 72.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company’s stock worth $1,684,000 after acquiring an additional 21,597 shares during the period. Exchange Traded Concepts LLC raised its position in shares of HF Sinclair by 1,265.8% in the first quarter. Exchange Traded Concepts LLC now owns 2,554 shares of the company’s stock valued at $84,000 after buying an additional 2,367 shares in the last quarter. Janney Montgomery Scott LLC raised its position in shares of HF Sinclair by 28.5% in the first quarter. Janney Montgomery Scott LLC now owns 88,448 shares of the company’s stock valued at $2,908,000 after buying an additional 19,641 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new stake in shares of HF Sinclair in the first quarter valued at approximately $421,000. 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.