UBS Group Issues Positive Forecast for HF Sinclair (NYSE:DINO) Stock Price

Key Points

• UBS Group raised its price target for HF Sinclair (NYSE:DINO) from $58.00 to $63.00, indicating a potential upside of 21.21% from its previous close, and maintains a "buy" rating on the stock.
• HF Sinclair's stock has a consensus rating of "Moderate Buy" with an average price target of $54.58, while one analyst rates it as a Strong Buy, six as Buy, and five as Hold.
• The company's most recent earnings showed $1.70 EPS, exceeding the consensus estimate significantly, though its revenue declined by 13.5% year over year.

HF Sinclair (NYSE:DINO - Get Free Report) had its price objective upped by stock analysts at UBS Group from $58.00 to $63.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. UBS Group's price objective would suggest a potential upside of 21.21% from the company's previous close.

DINO has been the subject of several other reports. Wall Street Zen raised HF Sinclair from a "hold" rating to a "buy" rating in a research report on Saturday, August 2nd. Piper Sandler raised their target price on HF Sinclair from $51.00 to $59.00 and gave the company a "neutral" rating in a research report on Thursday, September 11th. Raymond James Financial reiterated a "strong-buy" rating on shares of HF Sinclair in a research note on Tuesday, September 9th. Scotiabank increased their price target on HF Sinclair from $49.00 to $61.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Finally, TD Cowen increased their price target on HF Sinclair from $45.00 to $46.00 and gave the stock a "hold" rating in a research note on Friday, August 1st. One 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $54.58.

HF Sinclair Trading Down 0.7%

Shares of HF Sinclair stock opened at $51.98 on Thursday. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $54.73. The firm has a market cap of $9.72 billion, a PE ratio of -112.99 and a beta of 1.07. The stock has a fifty day moving average price of $48.55 and a 200-day moving average price of $40.30. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83.

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

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the firm's stock in a transaction dated Friday, August 1st. The stock was 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 in the company, valued at $1,683,805.23. This trade represents a 21.74% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DINO. Kiker Wealth Management LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at about $32,000. Johnson Financial Group Inc. bought a new stake in shares of HF Sinclair during the 2nd quarter valued at about $33,000. Byrne Asset Management LLC bought a new stake in shares of HF Sinclair during the 1st quarter valued at about $35,000. West Oak Capital LLC bought a new stake in shares of HF Sinclair during the 2nd quarter valued at about $38,000. Finally, Allworth Financial LP boosted its position in shares of HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after acquiring an additional 1,130 shares during the last quarter. Institutional investors own 88.29% of the company's stock.

About HF Sinclair

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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