TD Cowen Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

HF Sinclair (NYSE:DINO - Get Free Report) had its price target raised by equities researchers at TD Cowen from $27.00 to $29.00 in a report released on Friday,Briefing.com Automated Import reports. The firm presently has a "hold" rating on the stock. TD Cowen's target price indicates a potential downside of 7.39% from the company's current price.

Other equities research analysts also recently issued reports about the company. Morgan Stanley lowered their price target on HF Sinclair from $50.00 to $44.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Wells Fargo & Company raised their price target on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, March 21st. Barclays dropped their price objective on shares of HF Sinclair from $35.00 to $29.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Scotiabank decreased their target price on 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. Finally, Mizuho cut their price target on HF Sinclair from $45.00 to $40.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $43.90.

HF Sinclair Stock Performance

HF Sinclair stock opened at $31.31 on Friday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $31.09 and a 200-day moving average of $35.95. The stock has a market cap of $5.90 billion, a P/E ratio of 38.19 and a beta of 1.00. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $58.73.

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

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the acquisition, the director now owns 154,065 shares of the company's stock, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Southeastern Asset Management Inc. TN purchased a new position in shares of HF Sinclair in the fourth quarter worth approximately $96,344,000. Balyasny Asset Management L.P. raised its stake in HF Sinclair by 645.1% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company's stock valued at $64,525,000 after purchasing an additional 1,593,875 shares during the period. Norges Bank purchased a new stake in shares of HF Sinclair in the fourth quarter valued at $41,317,000. Thompson Siegel & Walmsley LLC grew its holdings in shares of HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company's stock valued at $74,116,000 after buying an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP raised its position in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock valued at $110,025,000 after buying an additional 1,096,485 shares during the period. Institutional investors and hedge funds 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.

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