Barclays Reiterates "$43.00" Price Target for HF Sinclair (NYSE:DINO)

HF Sinclair (NYSE:DINO - Get Free Report) has been assigned a $43.00 target price by investment analysts at Barclays in a research note issued on Wednesday, MarketBeat.com reports. The firm currently has an "equal weight" rating on the stock. Barclays's target price suggests a potential downside of 4.74% from the stock's current price.

A number of other brokerages also recently issued reports on DINO. Morgan Stanley reduced their price objective on shares of HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Scotiabank reduced their target price on shares of HF Sinclair from $51.00 to $49.00 and set a "sector outperform" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company increased their target price on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and increased their target price for the company from $40.00 to $47.00 in a research report on Tuesday, May 13th. Finally, Piper Sandler reduced their target price on shares of HF Sinclair from $46.00 to $40.00 and set an "overweight" rating for the company in a research report on Friday, May 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $46.00.

HF Sinclair Stock Down 1.9%

DINO stock traded down $0.88 during trading on Wednesday, reaching $45.14. The stock had a trading volume of 609,910 shares, compared to its average volume of 2,563,121. HF Sinclair has a one year low of $24.66 and a one year high of $52.88. The company has a quick ratio of 0.76, a current ratio of 1.87 and a debt-to-equity ratio of 0.29. The company's 50 day moving average is $38.41 and its two-hundred day moving average is $35.20. The company has a market capitalization of $8.50 billion, a price-to-earnings ratio of -58.62 and a beta of 0.93.

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, 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 business had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. During the same period in the prior year, the firm posted $0.71 EPS. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. Equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Harbour Investments Inc. boosted its holdings in HF Sinclair by 15.0% in the 1st quarter. Harbour Investments Inc. now owns 2,380 shares of the company's stock valued at $78,000 after purchasing an additional 310 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company's stock valued at $33,000 after purchasing an additional 327 shares during the period. Nissay Asset Management Corp Japan ADV boosted its holdings in HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company's stock valued at $685,000 after purchasing an additional 379 shares during the period. Bank & Trust Co boosted its holdings in HF Sinclair by 8.7% in the 1st quarter. Bank & Trust Co now owns 4,838 shares of the company's stock valued at $159,000 after purchasing an additional 389 shares during the period. Finally, Financial Engines Advisors L.L.C. boosted its holdings in HF Sinclair by 1.5% in the 1st quarter. Financial Engines Advisors L.L.C. now owns 26,655 shares of the company's stock valued at $876,000 after purchasing an additional 392 shares during the period. 88.29% of the stock is owned by 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.