HF Sinclair (NYSE:DINO) Price Target Cut to $61.00

HF Sinclair (NYSE:DINO) had its price target reduced by equities research analysts at Wells Fargo & Company from $75.00 to $61.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 27.51% from the stock’s current price.

A number of other brokerages have also recently issued reports on DINO. Piper Sandler reduced their price objective on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, June 14th. JPMorgan Chase & Co. reduced their price objective on shares of HF Sinclair from $61.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Mizuho reduced their price objective on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating for the company in a report on Thursday, June 20th. Bank of America raised shares of HF Sinclair from a “neutral” rating to a “buy” rating and raised their price target for the company from $62.00 to $78.00 in a research report on Friday, March 15th. Finally, Barclays dropped their price target on shares of HF Sinclair from $56.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Five investment 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, the stock currently has an average rating of “Moderate Buy” and an average target price of $62.67.

HF Sinclair Stock Down 0.5 %

NYSE:DINO traded down $0.24 during trading hours on Friday, reaching $47.84. The company had a trading volume of 548,743 shares, compared to its average volume of 1,996,603. The firm has a market cap of $9.19 billion, a price-to-earnings ratio of 5.92 and a beta of 1.19. The business’s 50-day simple moving average is $53.98 and its two-hundred day simple moving average is $56.18. HF Sinclair has a twelve month low of $45.63 and a twelve month high of $64.16. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 0.26.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, May 8th. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.16. The firm had revenue of $7.03 billion during the quarter, compared to analysts’ expectations of $7.54 billion. HF Sinclair had a net margin of 4.94% and a return on equity of 15.10%. The business’s revenue was down 7.1% on a year-over-year basis. During the same period last year, the company earned $2.00 earnings per share. On average, equities analysts expect that HF Sinclair will post 5.21 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. Manning & Napier Advisors LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at $3,880,000. Juncture Wealth Strategies LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at $220,000. Arkfeld Wealth Strategies L.L.C. boosted its stake in shares of HF Sinclair by 1.4% in the 2nd quarter. Arkfeld Wealth Strategies L.L.C. now owns 218,268 shares of the company’s stock valued at $10,911,000 after purchasing an additional 3,049 shares in the last quarter. CWM LLC boosted its stake in shares of HF Sinclair by 200.2% in the 2nd quarter. CWM LLC now owns 10,191 shares of the company’s stock valued at $544,000 after purchasing an additional 6,796 shares in the last quarter. Finally, Bank & Trust Co purchased a new stake in shares of HF Sinclair in the 2nd quarter valued at $220,000. Hedge funds and other 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.