HF Sinclair (NYSE:DINO) PT Lowered to $53.00

HF Sinclair (NYSE:DINO) had its price target decreased by analysts at Mizuho from $55.00 to $53.00 in a research report issued on Monday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 13.88% from the stock’s previous close.

Several other research analysts also recently commented on DINO. Argus raised HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Wells Fargo & Company cut their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a research note on Tuesday, September 3rd. Barclays increased their target price on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Wolfe Research assumed coverage on shares of HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Finally, UBS Group lowered their target price on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $60.55.

HF Sinclair Stock Performance

HF Sinclair stock opened at $46.54 on Monday. The business has a 50 day moving average of $47.65 and a 200-day moving average of $53.32. The company has a market capitalization of $8.94 billion, a P/E ratio of 5.76 and a beta of 1.18. HF Sinclair has a 1 year low of $44.07 and a 1 year high of $64.16. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The company’s revenue was up .2% on a year-over-year basis. During the same period in the prior year, the company posted $2.60 EPS. On average, equities research analysts predict that HF Sinclair will post 3.69 earnings per share for the current year.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in HF Sinclair by 3.8% in the first quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock worth $1,141,633,000 after acquiring an additional 696,031 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of HF Sinclair by 58.3% in the 2nd quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after purchasing an additional 2,868,273 shares in the last quarter. Dimensional Fund Advisors LP grew its position in HF Sinclair by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock valued at $306,665,000 after purchasing an additional 399,988 shares during the period. AQR Capital Management LLC increased its stake in HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its holdings in HF Sinclair by 15.3% during the second quarter. AustralianSuper Pty Ltd now owns 1,502,271 shares of the company’s stock worth $80,131,000 after buying an additional 199,881 shares during the last quarter. 88.29% of the stock is 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.