Barclays Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its price objective decreased by research analysts at Barclays from $44.00 to $42.00 in a report released on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 0.14% from the company’s previous close.

Several other research analysts also recently commented on DINO. UBS Group decreased their price objective on HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, November 4th. Scotiabank lowered their price target on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating on the stock in a report on Thursday, October 10th. Mizuho decreased their price objective on shares of HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. BMO Capital Markets dropped their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Finally, JPMorgan Chase & Co. decreased their price target on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $54.27.

HF Sinclair Price Performance

NYSE DINO opened at $42.06 on Monday. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $7.91 billion, a P/E ratio of 25.96 and a beta of 1.18. The company has a 50-day moving average price of $44.25 and a 200-day moving average price of $49.10. HF Sinclair has a 52 week low of $38.25 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.19. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The business had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the firm earned $4.06 earnings per share. The company’s quarterly revenue was down 19.1% on a year-over-year basis. Equities research analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current year.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers acquired 5,000 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares in the company, valued at approximately $5,631,556.68. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cetera Advisors LLC purchased a new stake in HF Sinclair in the 1st quarter worth about $1,146,000. Bayesian Capital Management LP bought a new stake in shares of HF Sinclair during the 1st quarter worth approximately $785,000. Neo Ivy Capital Management bought a new stake in shares of HF Sinclair during the 2nd quarter worth approximately $806,000. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in HF Sinclair by 22.7% during the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 218,353 shares of the company’s stock valued at $13,209,000 after acquiring an additional 40,357 shares during the period. Finally, Janus Henderson Group PLC grew its position in HF Sinclair by 15,066.7% in the 1st quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after acquiring an additional 660,978 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

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.