Mizuho Increases HF Sinclair (NYSE:DINO) Price Target to $60.00

Key Points

• Mizuho analysts have raised the price target for HF Sinclair from $52.00 to $60.00, suggesting a potential upside of 16.27%.
• HF Sinclair's stock received mixed ratings, with one analyst naming it a Strong Buy and a consensus rating of Moderate Buy based on multiple analyst evaluations.
• The company reported $1.70 EPS for its last quarter, exceeding expectations, but its revenue decreased 13.5% year-over-year.

HF Sinclair (NYSE:DINO - Get Free Report) had its target price hoisted by investment analysts at Mizuho from $52.00 to $60.00 in a report issued on Monday, MarketBeat reports. The firm currently has an "outperform" rating on the stock. Mizuho's price objective points to a potential upside of 14.33% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the company. Wall Street Zen upgraded HF Sinclair from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wells Fargo & Company boosted their price target 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. Wolfe Research downgraded HF Sinclair from a "peer perform" rating to an "underperform" rating in a research note on Monday, July 14th. Scotiabank boosted their target price on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research report on Friday, July 11th. Finally, Piper Sandler boosted their target price on shares of HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HF Sinclair presently has a consensus rating of "Moderate Buy" and a consensus target price of $53.25.

HF Sinclair Stock Performance

Shares of DINO stock traded down $0.63 during midday trading on Monday, hitting $52.48. 4,148,745 shares of the company were exchanged, compared to its average volume of 2,864,998. The firm has a market capitalization of $9.82 billion, a P/E ratio of -114.09 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 firm's 50 day moving average price is $47.03 and its two-hundred day moving average price is $38.98. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $53.33.

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

Insider Buying and Selling at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the transaction, the executive vice president owned 39,591 shares of the company's stock, valued at approximately $1,683,805.23. This represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of HF Sinclair by 19.5% in the 1st 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake in HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company's stock valued at $255,764,000 after purchasing an additional 298,735 shares in the last quarter. AQR Capital Management LLC increased its stake 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 purchasing an additional 2,609,857 shares in the last quarter. Geode Capital Management LLC increased its position in HF Sinclair by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company's stock valued at $118,969,000 after buying an additional 27,548 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its position in HF Sinclair by 1.5% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company's stock valued at $83,638,000 after buying an additional 36,592 shares in the last quarter. 88.29% of the stock is currently 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.