HF Sinclair (NYSE:DINO) Price Target Raised to $51.00

Key Points

• UBS Group has raised the price target for HF Sinclair (NYSE:DINO) from $48.00 to $51.00, indicating a potential upside of 18.63% from the current stock price.
• HF Sinclair reported $1.70 earnings per share (EPS) for the last quarter, surpassing analysts' expectations, but overall revenue was down 13.5% compared to the previous year.
• Analysts have mixed ratings on HF Sinclair, with a consensus rating of "Moderate Buy" and a target price average of $49.45.

HF Sinclair (NYSE:DINO - Get Free Report) had its price target boosted by equities research analysts at UBS Group from $48.00 to $51.00 in a report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's target price would suggest a potential upside of 18.63% from the stock's current price.

Several other research analysts have also recently commented on the company. Barclays increased their price target on HF Sinclair from $32.00 to $43.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 9th. Wall Street Zen upgraded shares of HF Sinclair from a "hold" rating to a "buy" rating in a research note on Saturday. Wells Fargo & Company upped their price objective on HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, June 11th. Piper Sandler lowered HF Sinclair from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $53.00 to $51.00 in a report on Tuesday, July 22nd. Finally, Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $40.00 to $47.00 in a research report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $49.45.

HF Sinclair Stock Performance

DINO opened at $42.99 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. The company has a market capitalization of $8.04 billion, a price-to-earnings ratio of -93.54 and a beta of 0.97. The business's 50-day moving average price is $41.33 and its two-hundred day moving average price is $36.19. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $49.92.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.09 by $0.61. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%. The business had revenue of $6.78 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same quarter last year, the firm earned $0.78 EPS. HF Sinclair's revenue for the quarter was down 13.5% compared to the same quarter last year. Equities analysts expect that HF Sinclair will post 2.39 EPS for the current fiscal year.

Institutional Trading of HF Sinclair

Large investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its holdings in shares of HF Sinclair by 19.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after acquiring an additional 1,337,093 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of HF Sinclair by 7.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock valued at $194,888,000 after buying an additional 415,206 shares during the period. AQR Capital Management LLC grew its holdings in HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock worth $163,951,000 after acquiring an additional 2,609,857 shares during the last quarter. First Trust Advisors LP increased its position in HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after acquiring an additional 1,096,485 shares during the period. Finally, Southeastern Asset Management Inc. TN acquired a new position in shares of HF Sinclair during the fourth quarter worth $96,344,000. 88.29% of the stock is owned by institutional investors and hedge funds.

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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