Barclays Trims HF Sinclair (NYSE:DINO) Target Price to $44.00

HF Sinclair (NYSE:DINO) had its price objective lowered by Barclays from $53.00 to $44.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s price objective indicates a potential downside of 6.02% from the stock’s previous close.

A number of other research firms have also weighed in on DINO. BMO Capital Markets cut their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday. Mizuho dropped their price target on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Argus upgraded shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. UBS Group lowered their target price on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Finally, Piper Sandler lowered their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, HF Sinclair currently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

HF Sinclair Stock Up 0.2 %

Shares of DINO traded up $0.08 during mid-day trading on Monday, hitting $46.82. 998,767 shares of the company’s stock were exchanged, compared to its average volume of 2,046,143. The company has a market cap of $9.00 billion, a price-to-earnings ratio of 5.79 and a beta of 1.16. HF Sinclair has a fifty-two week low of $43.88 and a fifty-two week 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 stock’s 50-day moving average is $46.89 and its 200-day moving average is $52.22.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.06. The business had revenue of $7.85 billion for 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 business’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.60 earnings per share. On average, sell-side analysts anticipate that HF Sinclair will post 2.84 earnings per share 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 DINO. Rise Advisors LLC bought a new stake in shares of HF Sinclair during the first quarter worth $26,000. Riverview Trust Co acquired a new position in shares of HF Sinclair during the first quarter worth about $31,000. Innealta Capital LLC acquired a new position in HF Sinclair during the second quarter valued at approximately $34,000. Quarry LP bought a new stake in HF Sinclair in the fourth quarter valued at approximately $39,000. Finally, Massmutual Trust Co. FSB ADV increased its stake in shares of HF Sinclair by 82.2% during the third quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock worth $37,000 after purchasing an additional 370 shares during the period. 88.29% of the stock is owned by institutional investors and hedge funds.

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.