HF Sinclair (NYSE:DINO) Stock Price Expected to Rise, Barclays Analyst Says

Key Points

• Barclays raised HF Sinclair’s price target from $86 to $122 while maintaining an “equal weight” rating; the new target implies approximately 0.22% downside from the prior close.
• Analyst sentiment is broadly positive, with a consensus “Moderate Buy” rating and an average price target of $103, although individual targets range from $98 to $142.
• HF Sinclair reported quarterly EPS of $5.31, beating estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion. Shares recently traded at $122.28, near their 52-week high of $124.50.

HF Sinclair (NYSE:DINO - Get Free Report) had its target price raised by Barclays from $86.00 to $122.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Barclays's price objective would indicate a potential downside of 0.22% from the stock's previous close.

A number of other equities research analysts also recently commented on DINO. Mizuho raised their price objective on shares of HF Sinclair from $85.00 to $119.00 and gave the company a "neutral" rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on HF Sinclair from $114.00 to $142.00 and gave the stock a "buy" rating in a research report on Friday. TD Cowen increased their target price on HF Sinclair from $79.00 to $98.00 and gave the stock a "hold" rating in a research note on Tuesday, July 21st. Zacks Research raised HF Sinclair from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 10th. Finally, Morgan Stanley raised their price target on HF Sinclair from $78.00 to $127.00 and gave the company an "overweight" rating in a report on Monday, September 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $103.00.

HF Sinclair Stock Performance

Shares of DINO stock traded up $0.97 during mid-day trading on Monday, hitting $122.28. The stock had a trading volume of 1,116,855 shares, compared to its average volume of 2,687,665. The firm has a market cap of $21.74 billion, a PE ratio of 11.66 and a beta of 0.72. The company's 50-day simple moving average is $102.40 and its 200-day simple moving average is $81.69. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. HF Sinclair has a fifty-two week low of $45.71 and a fifty-two week high of $124.50.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The business's revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business posted $1.10 earnings per share. Sell-side analysts anticipate that HF Sinclair will post 18.15 earnings per share for the current year.

Insider Activity at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the completion of the sale, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.26% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DINO. BlackRock Inc. purchased a new position in shares of HF Sinclair during the second quarter valued at approximately $1,291,602,000. Amundi boosted its position in HF Sinclair by 12.7% during the second quarter. Amundi now owns 309,993 shares of the company's stock worth $21,591,000 after acquiring an additional 35,049 shares during the last quarter. Energy Income Partners LLC acquired a new stake in HF Sinclair during the second quarter worth approximately $5,210,000. State of Wyoming purchased a new stake in HF Sinclair in the 2nd quarter worth approximately $859,000. Finally, Corient Private Wealth LP purchased a new stake in HF Sinclair in the 2nd quarter worth approximately $913,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.

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