Piper Sandler Trims HF Sinclair (NYSE:DINO) Target Price to $49.00

HF Sinclair (NYSE:DINO) had its price objective decreased by stock analysts at Piper Sandler from $58.00 to $49.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price target suggests a potential upside of 6.48% from the stock’s current price.

A number of other research firms also recently commented on DINO. Barclays boosted their price target on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research note on Monday, August 5th. Wells Fargo & Company reduced their target price on shares of HF Sinclair from $60.00 to $54.00 and set an “overweight” rating on the stock in a report on Tuesday, September 3rd. JPMorgan Chase & Co. raised their price objective on HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, August 19th. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Finally, Morgan Stanley dropped their target price on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average target price of $59.73.

HF Sinclair Stock Down 2.6 %

DINO traded down $1.23 on Friday, hitting $46.02. 158,774 shares of the company were exchanged, compared to its average volume of 1,998,906. The stock’s fifty day moving average is $47.62 and its 200-day moving average is $53.23. HF Sinclair has a 12 month low of $44.07 and a 12 month high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The company has a market cap of $8.84 billion, a PE ratio of 5.68 and a beta of 1.18.

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

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Unison Advisors LLC raised its position in HF Sinclair by 0.8% in the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after acquiring an additional 179 shares during the period. Capital Advisors Wealth Management LLC raised its position in HF Sinclair by 2.4% during the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock valued at $491,000 after purchasing an additional 190 shares during the period. Poehling Capital Management INC. raised its holdings in HF Sinclair by 0.3% during the 1st quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after buying an additional 203 shares during the period. Empirical Finance LLC lifted its holdings in shares of HF Sinclair by 1.2% in the 2nd quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock worth $1,029,000 after acquiring an additional 228 shares during the last quarter. Finally, Fifth Third Bancorp lifted its stake in HF Sinclair by 6.7% in the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after purchasing an additional 267 shares during the last quarter. Hedge funds and other 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.