HF Sinclair (NYSE:DINO) Given New $32.00 Price Target at Barclays

HF Sinclair (NYSE:DINO - Get Free Report) had its price objective increased by stock analysts at Barclays from $29.00 to $32.00 in a research report issued on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's target price points to a potential downside of 13.32% from the stock's current price.

A number of other analysts also recently commented on DINO. TD Cowen upped their target price 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 cut their price target on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Wells Fargo & Company dropped their price target on HF Sinclair from $44.00 to $34.00 and set an "equal weight" rating for the company in a research report on Friday, May 2nd. Scotiabank cut their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a report on Friday, April 11th. Finally, Mizuho lowered their target price on shares of HF Sinclair from $45.00 to $40.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.30.

HF Sinclair Stock Up 0.6%

DINO stock traded up $0.21 during trading on Monday, reaching $36.92. 760,434 shares of the company traded hands, compared to its average volume of 2,456,045. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 45.02 and a beta of 0.81. The business has a 50 day simple moving average of $31.21 and a 200 day simple moving average of $35.37. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $58.73. 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 - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter in the previous year, the firm earned $0.71 earnings per share. The company's revenue was down 9.3% on a year-over-year basis. On average, equities research analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the acquisition, the director now directly owns 154,065 shares of the company's stock, valued at $5,493,957.90. This trade represents a 3.35% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

Several large investors have recently added to or reduced their stakes in DINO. Sugar Maple Asset Management LLC purchased a new stake in HF Sinclair in the fourth quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of HF Sinclair in the 4th quarter worth $31,000. Lee Danner & Bass Inc. acquired a new position in HF Sinclair in the fourth quarter valued at $32,000. EverSource Wealth Advisors LLC grew its position in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after acquiring an additional 327 shares during the period. Finally, Byrne Asset Management LLC acquired a new stake in HF Sinclair during the first quarter worth about $35,000. 88.29% of the stock is currently owned by hedge funds and other 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.