HF Sinclair (NYSE:DINO) Price Target Raised to $46.00

Key Points

• TD Cowen raised its price target for HF Sinclair (NYSE:DINO) from $45.00 to $46.00, indicating a potential upside of 4.64% from the current stock price.
• Analysts have varying ratings on HF Sinclair, with one sell rating, five hold ratings, five buy ratings, and one strong buy rating, leading to a consensus rating of "Moderate Buy".
• HF Sinclair reported $1.70 EPS for the last quarter, exceeding expectations, despite a 13.5% decline in quarterly revenue compared to the previous year.

HF Sinclair (NYSE:DINO - Get Free Report) had its price target lifted by equities research analysts at TD Cowen from $45.00 to $46.00 in a report issued on Friday, MarketBeat reports. The brokerage currently has a "hold" rating on the stock. TD Cowen's price target would indicate a potential upside of 5.09% from the company's current price.

DINO has been the topic of several other reports. Wells Fargo & Company raised their price objective on shares of HF Sinclair from $34.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Wednesday, June 11th. Piper Sandler downgraded shares of HF Sinclair from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $53.00 to $51.00 in a report on Tuesday, July 22nd. Raymond James Financial raised shares of HF Sinclair from a "market perform" rating to a "strong-buy" rating and set a $54.00 price objective on the stock in a report on Tuesday, July 15th. Mizuho raised shares of HF Sinclair from a "neutral" rating to an "outperform" rating and boosted their price objective for the stock from $40.00 to $47.00 in a report on Tuesday, May 13th. Finally, Morgan Stanley boosted their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $49.45.

HF Sinclair Stock Down 0.0%

Shares of NYSE DINO traded down $0.01 during mid-day trading on Friday, reaching $43.77. The company had a trading volume of 1,522,705 shares, compared to its average volume of 2,968,953. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. The firm has a 50 day simple moving average of $41.50 and a two-hundred day simple moving average of $36.25. The stock has a market cap of $8.19 billion, a P/E ratio of -95.15 and a beta of 0.97. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $49.92.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $1.70 earnings per share (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 company had revenue of $6.78 billion for the quarter, compared to the consensus estimate of $6.93 billion. During the same period last year, the firm posted $0.78 EPS. HF Sinclair's revenue for the quarter was down 13.5% on a year-over-year basis. Sell-side analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Valerie Pompa sold 11,000 shares of the stock in a transaction 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 completion of the sale, the executive vice president owned 39,591 shares of the company's stock, valued at $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 is available at this hyperlink. Company insiders own 0.28% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

Several large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 1,337,093 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in HF Sinclair by 7.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 5,927,257 shares of the company's stock valued at $194,888,000 after acquiring an additional 415,206 shares during the last quarter. AQR Capital Management LLC boosted its stake 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 valued at $163,951,000 after acquiring an additional 2,609,857 shares during the last quarter. First Trust Advisors LP lifted its position in shares of HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company's stock worth $110,025,000 after buying an additional 1,096,485 shares during the last quarter. Finally, Southeastern Asset Management Inc. TN bought a new position in shares of HF Sinclair in the 4th quarter worth about $96,344,000. 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.