HF Sinclair's (DINO) "Neutral" Rating Reiterated at Piper Sandler

HF Sinclair (NYSE:DINO - Get Free Report)'s stock had its "neutral" rating reaffirmed by investment analysts at Piper Sandler in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $51.00 price objective on the stock, down from their prior price objective of $53.00. Piper Sandler's target price indicates a potential upside of 13.65% from the company's previous close.

DINO has been the topic of a number of other reports. TD Cowen increased their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the stock a "hold" rating in a research report on Friday, May 2nd. Raymond James Financial upgraded shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective for the company in a report on Tuesday, July 15th. Morgan Stanley boosted their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Scotiabank boosted their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Finally, Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. One analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $48.27.

HF Sinclair Trading Up 1.1%

HF Sinclair stock traded up $0.48 during midday trading on Tuesday, reaching $44.88. The stock had a trading volume of 2,124,126 shares, compared to its average volume of 2,576,867. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $52.88. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of -58.28 and a beta of 0.93. The company has a fifty day moving average of $39.72 and a 200 day moving average of $35.60.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 0.51% and a positive return on equity of 0.05%. The company had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same period in the prior year, the company posted $0.71 EPS. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. On average, analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. QRG Capital Management Inc. acquired a new position in HF Sinclair during the 2nd quarter valued at approximately $215,000. Hilltop National Bank acquired a new position in HF Sinclair during the 2nd quarter valued at approximately $46,000. Mirae Asset Global Investments Co. Ltd. increased its stake in HF Sinclair by 11.9% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 147,321 shares of the company's stock valued at $6,052,000 after purchasing an additional 15,621 shares in the last quarter. PFG Investments LLC acquired a new stake in shares of HF Sinclair in the second quarter worth $244,000. Finally, Greenleaf Trust acquired a new stake in shares of HF Sinclair in the second quarter worth $250,000. Institutional investors and hedge funds 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.