HF Sinclair (NYSE:DINO) Price Target Raised to $54.00

Key Points

• Barclays raised HF Sinclair's price target from $45.00 to $54.00, suggesting a 3.83% upside from the current price.
• Analysts have mixed ratings on HF Sinclair, with one Strong Buy, six Buy, five Hold, and one Sell, leading to an average rating of "Moderate Buy".
• During the last quarter, HF Sinclair reported $1.70 EPS beating estimates but saw a revenue decline of 13.5% year-over-year.

HF Sinclair (NYSE:DINO - Get Free Report) had its price objective raised by investment analysts at Barclays from $45.00 to $54.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Barclays's price target would suggest a potential upside of 3.83% from the company's current price.

Several other analysts have also commented on DINO. Wells Fargo & Company raised their price target 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. The Goldman Sachs Group raised their price target on shares of HF Sinclair from $54.00 to $61.00 and gave the company a "buy" rating in a research report on Thursday, September 18th. Mizuho raised their price target on shares of HF Sinclair from $52.00 to $60.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Raymond James Financial reiterated a "strong-buy" rating on shares of HF Sinclair in a research report on Tuesday, September 9th. Finally, UBS Group set a $54.00 target price on shares of HF Sinclair in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HF Sinclair has an average rating of "Moderate Buy" and a consensus price target of $53.83.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $0.33 during trading on Wednesday, hitting $52.01. 345,183 shares of the company's stock were exchanged, compared to its average volume of 2,819,922. The stock has a market capitalization of $9.73 billion, a price-to-earnings ratio of -113.06 and a beta of 1.07. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The business has a 50-day simple moving average of $48.42 and a 200-day simple moving average of $40.21. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $54.73.

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

Insider Activity

In other news, EVP Valerie Pompa sold 11,000 shares of the business's stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the sale, the executive vice president directly owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.28% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

Large investors have recently added to or reduced their stakes in the business. Kiker Wealth Management LLC purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $32,000. Johnson Financial Group Inc. purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $33,000. Byrne Asset Management LLC purchased a new stake in HF Sinclair during the 1st quarter worth approximately $35,000. West Oak Capital LLC purchased a new stake in HF Sinclair during the 2nd quarter worth approximately $38,000. Finally, Allworth Financial LP increased its stake in HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock worth $41,000 after buying an additional 1,130 shares during the period. 88.29% of the stock is owned by hedge funds and other 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.

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