Wells Fargo & Company Increases HF Sinclair (NYSE:DINO) Price Target to $38.00

HF Sinclair (NYSE:DINO - Get Free Report) had its price target raised by equities research analysts at Wells Fargo & Company from $34.00 to $38.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective points to a potential downside of 1.55% from the company's current price.

DINO has been the subject of a number of other reports. 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 note on Friday, April 11th. Morgan Stanley reduced their price objective on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. TD Cowen raised their target price on HF Sinclair from $27.00 to $29.00 and gave the company a "hold" rating in a research report on Friday, May 2nd. Barclays boosted their price target on HF Sinclair from $29.00 to $32.00 and gave the stock an "equal weight" rating in a research report on Monday, May 12th. Finally, Piper Sandler lowered their price target on HF Sinclair from $46.00 to $40.00 and set an "overweight" rating on the stock in a report on Friday, May 2nd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat, HF Sinclair currently has an average rating of "Moderate Buy" and an average target price of $43.70.

HF Sinclair Stock Performance

DINO stock remained flat at $38.60 during midday trading on Wednesday. The company's stock had a trading volume of 1,619,778 shares, compared to its average volume of 2,526,096. The business has a 50-day moving average of $33.01 and a 200 day moving average of $34.63. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $54.48. The firm has a market capitalization of $7.27 billion, a PE ratio of 47.07 and a beta of 0.90. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, topping analysts' consensus estimates of ($0.41) by $0.14. The company had revenue of $6.37 billion for the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. HF Sinclair's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 EPS. On average, sell-side analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

Institutional Trading of HF Sinclair

Several institutional investors and hedge funds have recently made changes to their positions in DINO. Intrua Financial LLC grew its holdings in shares of HF Sinclair by 23.1% in the 1st quarter. Intrua Financial LLC now owns 12,079 shares of the company's stock valued at $397,000 after buying an additional 2,266 shares during the period. Focus Partners Wealth lifted its holdings in shares of HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company's stock valued at $638,000 after purchasing an additional 8,102 shares in the last quarter. United Services Automobile Association acquired a new position in shares of HF Sinclair in the first quarter valued at approximately $328,000. Caxton Associates LLP bought a new position in HF Sinclair during the 1st quarter worth about $370,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company's stock valued at $30,899,000 after purchasing an additional 119,832 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

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.