Wells Fargo & Company Increases HF Sinclair (NYSE:DINO) Price Target to $68.00

HF Sinclair (NYSE:DINO) had its price target increased by research analysts at Wells Fargo & Company from $60.00 to $68.00 in a report issued on Friday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 11.48% from the stock’s current price.

Other research analysts have also issued reports about the company. Piper Sandler lifted their target price on HF Sinclair from $63.00 to $70.00 in a research note on Friday, August 4th. The Goldman Sachs Group lifted their price objective on HF Sinclair from $56.00 to $63.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Mizuho downgraded shares of HF Sinclair from a “buy” rating to a “neutral” rating and upped their target price for the company from $56.00 to $63.00 in a research report on Wednesday, August 16th. UBS Group lifted their price target on shares of HF Sinclair from $53.00 to $58.00 and gave the stock a “neutral” rating in a research report on Monday, August 7th. Finally, Morgan Stanley restated an “overweight” rating and issued a $70.00 price objective on shares of HF Sinclair in a report on Wednesday, July 19th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $62.50.

HF Sinclair Price Performance

NYSE DINO traded up $2.61 on Friday, hitting $61.00. 632,884 shares of the company were exchanged, compared to its average volume of 2,315,305. The company has a current ratio of 2.32, a quick ratio of 1.19 and a debt-to-equity ratio of 0.28. The company has a market cap of $11.23 billion, a P/E ratio of 5.18, a P/E/G ratio of 0.89 and a beta of 1.39. HF Sinclair has a 1-year low of $37.12 and a 1-year high of $66.19. The firm has a 50 day moving average of $52.46 and a two-hundred day moving average of $47.98.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, August 3rd. The company reported $2.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.33. The company had revenue of $7.83 billion for the quarter, compared to analyst estimates of $7.38 billion. HF Sinclair had a net margin of 6.87% and a return on equity of 24.58%. On average, equities analysts predict that HF Sinclair will post 9.22 EPS for the current year.

Hedge Funds Weigh In On HF Sinclair

Institutional investors have recently modified their holdings of the business. Bornite Capital Management LP acquired a new position in shares of HF Sinclair in the first quarter valued at approximately $13,947,000. Advisor Group Holdings Inc. bought a new position in HF Sinclair during the 1st quarter worth about $241,000. JPMorgan Chase & Co. acquired a new stake in shares of HF Sinclair in the 1st quarter valued at about $13,169,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of HF Sinclair during the first quarter worth about $1,823,000. Finally, US Bancorp DE acquired a new stake in HF Sinclair in the 1st quarter valued at approximately $292,000. Institutional investors own 89.15% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.