HF Sinclair (NYSE:DINO) Price Target Lowered to $59.00 at JPMorgan Chase & Co.

HF Sinclair (NYSE:DINO) had its price target lowered by investment analysts at JPMorgan Chase & Co. from $61.00 to $59.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 11.32% from the stock’s current price.

DINO has been the subject of several other reports. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Barclays decreased their price target on shares of HF Sinclair from $60.00 to $56.00 and set an “equal weight” rating for the company in a research note on Monday. Mizuho decreased their price target on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a research note on Thursday, June 20th. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, Wells Fargo & Company decreased their target price on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, June 6th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $64.25.

HF Sinclair Price Performance

Shares of DINO opened at $53.00 on Tuesday. The stock has a market capitalization of $10.18 billion, a P/E ratio of 6.56 and a beta of 1.20. HF Sinclair has a twelve month low of $43.29 and a twelve month high of $64.16. The company has a 50 day moving average of $54.71 and a 200-day moving average of $56.48. 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 (NYSE:DINO) last issued its quarterly earnings results 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 company had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business’s quarterly revenue was down 7.1% on a year-over-year basis. During the same period last year, the business earned $2.00 EPS. As a group, equities research analysts forecast that HF Sinclair will post 5.64 EPS for the current fiscal year.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 6,500 shares of the business’s stock in a transaction on Monday, May 20th. The stock was acquired at an average price of $57.37 per share, with a total value of $372,905.00. Following the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at approximately $7,933,869.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of HF Sinclair by 1.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,345,088 shares of the company’s stock worth $297,027,000 after buying an additional 98,477 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of HF Sinclair by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after buying an additional 1,549,091 shares in the last quarter. California State Teachers Retirement System lifted its holdings in shares of HF Sinclair by 16.4% during the fourth quarter. California State Teachers Retirement System now owns 300,942 shares of the company’s stock worth $16,723,000 after buying an additional 42,470 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of HF Sinclair by 7.2% during the fourth quarter. Goldman Sachs Group Inc. now owns 590,503 shares of the company’s stock worth $32,814,000 after buying an additional 39,637 shares in the last quarter. Finally, Readystate Asset Management LP acquired a new stake in shares of HF Sinclair during the fourth quarter worth $1,443,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.