HF Sinclair Co. (NYSE:DINO) Receives $51.00 Average PT from Brokerages

Shares of HF Sinclair Co. (NYSE:DINO) have been assigned a consensus recommendation of “Hold” from the thirteen analysts that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $51.00.

A number of equities analysts recently issued reports on the stock. Scotiabank decreased their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. TD Cowen decreased their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $53.00 to $45.00 in a research report on Monday, December 9th. Finally, UBS Group reduced their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th.

Insider Transactions at HF Sinclair

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction on Thursday, December 19th. The shares were bought at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the acquisition, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at $2,665,364.79. This trade represents a 6.76 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Several hedge funds have recently modified their holdings of DINO. Inceptionr LLC raised its position in shares of HF Sinclair by 73.4% in the 4th quarter. Inceptionr LLC now owns 25,349 shares of the company’s stock valued at $888,000 after purchasing an additional 10,728 shares during the last quarter. Raymond James Financial Inc. acquired a new position in HF Sinclair during the 4th quarter valued at approximately $8,830,000. Arizona State Retirement System raised its holdings in shares of HF Sinclair by 1.4% in the fourth quarter. Arizona State Retirement System now owns 47,109 shares of the company’s stock worth $1,651,000 after buying an additional 643 shares during the last quarter. Aigen Investment Management LP lifted its stake in shares of HF Sinclair by 124.9% during the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock worth $2,216,000 after buying an additional 35,121 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in shares of HF Sinclair during the fourth quarter valued at $819,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Stock Performance

Shares of DINO stock opened at $36.68 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. HF Sinclair has a fifty-two week low of $33.47 and a fifty-two week high of $64.16. The company has a market capitalization of $6.90 billion, a P/E ratio of 22.64 and a beta of 1.22. The stock has a 50 day moving average price of $36.53 and a two-hundred day moving average price of $42.22.

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.