HF Sinclair (NYSE:DINO) Price Target Raised to $38.00

HF Sinclair (NYSE:DINO) had its price objective boosted by stock analysts at Wells Fargo & Company from $34.00 to $38.00 in a report released on Wednesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential downside of 1.55% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Barclays lifted their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the company an “equal weight” rating in a research note on Monday, May 12th. Scotiabank reduced their price target on HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research report on Friday, April 11th. TD Cowen upped their price target on HF Sinclair from $27.00 to $29.00 and gave the stock a “hold” rating in a research note on Friday, May 2nd. Piper Sandler lowered their price objective on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a report on Friday, May 2nd. Finally, Morgan Stanley reduced their target price on HF Sinclair from $50.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and an average price target of $43.70.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $38.60 on Wednesday. The stock has a market cap of $7.27 billion, a price-to-earnings ratio of 47.07 and a beta of 0.90. The business has a 50 day simple moving average of $33.01 and a 200 day simple moving average of $34.63. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $54.48. 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 (NYSE:DINO) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to analysts’ expectations of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company’s revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.71 earnings per share. On average, research analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of HF Sinclair in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair during the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its holdings in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after purchasing an additional 327 shares during the period. Byrne Asset Management LLC acquired a new stake in HF Sinclair in the 1st quarter worth $35,000. Finally, Allworth Financial LP grew its position in HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after purchasing an additional 1,130 shares during the last quarter. 88.29% of the stock is owned by 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.