Scotiabank Boosts HF Sinclair (NYSE:DINO) Price Target to $54.00

HF Sinclair (NYSE:DINO) had its price objective raised by stock analysts at Scotiabank from $53.00 to $54.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price would suggest a potential downside of 9.34% from the company’s previous close.

DINO has been the subject of several other reports. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a report on Friday, March 27th. Mizuho increased their price objective on HF Sinclair from $63.00 to $69.00 and gave the stock an “outperform” rating in a report on Tuesday, March 17th. Raymond James Financial increased their price objective on HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 25th. Wells Fargo & Company increased their price objective on HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. Finally, Piper Sandler cut their price objective on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $62.00.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $59.56 on Wednesday. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. HF Sinclair has a 1 year low of $29.23 and a 1 year high of $64.70. The business has a fifty day simple moving average of $57.30 and a 200 day simple moving average of $53.50. The firm has a market cap of $10.74 billion, a price-to-earnings ratio of 19.40 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The business had revenue of $6.46 billion during the quarter, compared to analyst estimates of $6.19 billion. During the same period last year, the company earned ($1.02) earnings per share. HF Sinclair’s quarterly revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts predict that HF Sinclair will post 5.92 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HF Sinclair

Several institutional investors have recently bought and sold shares of DINO. Convergence Investment Partners LLC bought a new position in shares of HF Sinclair in the third quarter worth about $1,408,000. Citigroup Inc. increased its stake in shares of HF Sinclair by 41.4% in the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock worth $23,298,000 after purchasing an additional 130,338 shares during the period. RWC Asset Management LLP increased its stake in shares of HF Sinclair by 30.3% in the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock worth $7,518,000 after purchasing an additional 33,394 shares during the period. Diversified Trust Co increased its stake in shares of HF Sinclair by 211.5% in the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock worth $2,382,000 after purchasing an additional 30,901 shares during the period. Finally, Pacific Heights Asset Management LLC increased its stake in shares of HF Sinclair by 16.7% in the third quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the company’s stock worth $18,319,000 after purchasing an additional 50,000 shares during the period. 88.29% of the stock is currently owned by institutional investors.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.