HF Sinclair (NYSE:DINO) Price Target Lowered to $55.00 at UBS Group

HF Sinclair (NYSE:DINO) had its target price cut by stock analysts at UBS Group from $58.00 to $55.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price target indicates a potential upside of 37.47% from the company’s previous close.

A number of other equities analysts have also commented on DINO. Morgan Stanley dropped their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Barclays lowered their price target on HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating on the stock in a research report on Monday, October 7th. JPMorgan Chase & Co. dropped their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 2nd. Mizuho reduced their price objective on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, BMO Capital Markets dropped their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $54.45.

HF Sinclair Trading Up 2.6 %

Shares of NYSE:DINO opened at $40.01 on Monday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $7.63 billion, a PE ratio of 24.70 and a beta of 1.18. HF Sinclair has a 1 year low of $38.25 and a 1 year high of $64.16. The firm has a fifty day moving average price of $44.75 and a 200 day moving average price of $49.53.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to analysts’ expectations of $7.11 billion. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The business’s quarterly revenue was down 19.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.06 earnings per share. Analysts expect that HF Sinclair will post 2.32 EPS for the current fiscal year.

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction dated Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, with a total value of $193,800.00. Following the acquisition, the director now owns 145,293 shares in the company, valued at approximately $5,631,556.68. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently made changes to their positions in the company. Pacer Advisors Inc. boosted its position in HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after buying an additional 2,868,273 shares in the last quarter. AQR Capital Management LLC boosted its holdings in shares of HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after acquiring an additional 997,629 shares in the last quarter. Vanguard Group Inc. grew its position in HF Sinclair by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after acquiring an additional 696,031 shares during the last quarter. Janus Henderson Group PLC boosted its stake in HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock worth $40,168,000 after purchasing an additional 660,978 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of HF Sinclair during the second quarter worth $33,177,000. Institutional investors 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.