JPMorgan Chase & Co. Lowers HF Sinclair (NYSE:DINO) Price Target to $59.00

HF Sinclair (NYSE:DINO) had its target price cut by equities researchers at JPMorgan Chase & Co. from $61.00 to $59.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 9.83% from the stock’s current price.

A number of other research analysts also recently weighed in on DINO. Barclays cut their price target on shares of HF Sinclair from $60.00 to $56.00 and set an “equal weight” rating on the stock in a report on Monday. Mizuho lowered their target price on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Wells Fargo & Company lowered their target price on shares of HF Sinclair from $76.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, June 6th. Bank of America upgraded shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their target price for the company from $62.00 to $78.00 in a research note on Friday, March 15th. Finally, Scotiabank raised their price objective on shares of HF Sinclair from $58.00 to $66.00 and gave the stock a “sector outperform” rating in a report on Thursday, April 11th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair has an average rating of “Moderate Buy” and an average target price of $64.25.

HF Sinclair Trading Up 0.6 %

Shares of NYSE:DINO traded up $0.33 during mid-day trading on Tuesday, hitting $53.72. The stock had a trading volume of 380,996 shares, compared to its average volume of 1,997,350. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17. The company has a market cap of $10.32 billion, a PE ratio of 6.65 and a beta of 1.20. HF Sinclair has a 12-month low of $43.29 and a 12-month high of $64.16. The company’s 50 day moving average is $54.88 and its 200-day moving average is $56.52.

HF Sinclair (NYSE:DINO) last released its earnings results on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.16. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The company had revenue of $7.03 billion during the quarter, compared to the consensus estimate of $7.54 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The company’s revenue was down 7.1% compared to the same quarter last year. On average, sell-side analysts predict that HF Sinclair will post 5.64 EPS for the current year.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 6,500 shares of HF Sinclair stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the acquisition, the director now directly owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in HF Sinclair during the first quarter worth $26,000. Principal Securities Inc. bought a new stake in HF Sinclair during the fourth quarter worth $30,000. Riverview Trust Co acquired a new position in shares of HF Sinclair in the first quarter valued at $31,000. Pingora Partners LLC acquired a new position in shares of HF Sinclair in the fourth quarter valued at $35,000. Finally, Baystate Wealth Management LLC acquired a new position in shares of HF Sinclair in the fourth quarter valued at $37,000. 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.