HF Sinclair (NYSE:DINO) Given New $43.00 Price Target at Barclays

HF Sinclair (NYSE:DINO - Get Free Report) had its target price raised by equities researchers at Barclays from $32.00 to $43.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Barclays's price target would indicate a potential downside of 3.87% from the stock's current price.

Other analysts have also recently issued reports about the company. Scotiabank dropped their price target on HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating on the stock in a research report on Friday, April 11th. Morgan Stanley cut their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Mizuho upgraded shares of HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. TD Cowen upped their price objective on shares of HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research note on Friday, May 2nd. Finally, Wells Fargo & Company upped their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a report on Wednesday, June 11th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, HF Sinclair has an average rating of "Moderate Buy" and an average target price of $44.80.

HF Sinclair Stock Performance

Shares of DINO traded down $0.15 on Wednesday, reaching $44.73. 2,092,163 shares of the stock traded hands, compared to its average volume of 3,038,833. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.87 and a quick ratio of 0.76. The firm has a market cap of $8.43 billion, a price-to-earnings ratio of -58.09 and a beta of 0.93. The stock's 50-day moving average price is $37.82 and its 200-day moving average price is $35.05. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $52.88.

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

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds have recently modified their holdings of the business. Southeastern Asset Management Inc. TN acquired a new stake in shares of HF Sinclair during the fourth quarter worth $96,344,000. AQR Capital Management LLC increased its holdings in HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after buying an additional 2,609,857 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of HF Sinclair by 1,633.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock worth $55,730,000 after purchasing an additional 1,597,152 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock worth $64,525,000 after purchasing an additional 1,593,875 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in HF Sinclair by 19.5% during the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the last quarter. 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.

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