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

HF Sinclair (NYSE:DINO) had its price target lowered by Wells Fargo & Company from $60.00 to $54.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price indicates a potential upside of 13.90% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. Mizuho reduced their price target on HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. UBS Group reduced their price target on HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, August 13th. Barclays raised their price target on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Argus upgraded HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Finally, Piper Sandler reduced their price target on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $47.41 on Tuesday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $9.11 billion, a P/E ratio of 5.87 and a beta of 1.19. The business has a fifty day simple moving average of $48.84 and a two-hundred day simple moving average of $54.12. HF Sinclair has a 12 month low of $44.09 and a 12 month high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter last year, the firm posted $2.60 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities analysts forecast that HF Sinclair will post 3.69 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Rise Advisors LLC purchased a new position in shares of HF Sinclair during the 1st quarter valued at about $26,000. Riverview Trust Co purchased a new position in shares of HF Sinclair during the 1st quarter valued at about $31,000. Principal Securities Inc. purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $30,000. Pingora Partners LLC purchased a new position in shares of HF Sinclair during the 4th quarter valued at about $35,000. Finally, Innealta Capital LLC purchased a new position in shares of HF Sinclair during the 2nd quarter valued at about $34,000. 88.29% of the stock is owned by hedge funds and other 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.