Barclays Boosts HF Sinclair (NYSE:DINO) Price Target to $43.00

HF Sinclair (NYSE:DINO - Get Free Report) had its target price upped by equities research analysts at Barclays from $32.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's target price would suggest a potential downside of 6.56% from the stock's current price.

A number of other equities research analysts have also issued reports on DINO. TD Cowen upped their price target on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Morgan Stanley lowered their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Piper Sandler decreased their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a report on Friday, May 2nd. Scotiabank decreased their price objective 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 upgraded HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and a consensus target price of $44.80.

HF Sinclair Price Performance

DINO traded up $1.28 during trading on Wednesday, hitting $46.02. 2,303,377 shares of the stock were exchanged, compared to its average volume of 2,570,755. The company has a current ratio of 1.87, a quick ratio of 0.76 and a debt-to-equity ratio of 0.29. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $52.88. The firm has a 50 day simple moving average of $38.11 and a 200 day simple moving average of $35.11.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported ($0.27) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a positive return on equity of 0.05% and a negative net margin of 0.51%. The business had revenue of $6.37 billion during the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter in the previous year, the firm posted $0.71 EPS. The company's revenue for the quarter was down 9.3% on a year-over-year basis. On average, analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC bought a new position in shares of HF Sinclair during the 4th quarter worth approximately $819,000. Arizona State Retirement System grew its stake in shares of HF Sinclair by 1.4% in the fourth quarter. Arizona State Retirement System now owns 47,109 shares of the company's stock valued at $1,651,000 after buying an additional 643 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of HF Sinclair in the fourth quarter valued at $8,830,000. Amundi grew its stake in shares of HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company's stock valued at $61,025,000 after buying an additional 996,155 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of HF Sinclair by 1,445.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 471,640 shares of the company's stock valued at $16,531,000 after buying an additional 441,116 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

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.