HF Sinclair (NYSE:DINO) Price Target Lowered to $53.00 at Wells Fargo & Company

HF Sinclair (NYSE:DINO) had its price target decreased by investment analysts at Wells Fargo & Company from $54.00 to $53.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 18.52% from the stock’s previous close.

DINO has been the topic of a number of other reports. BMO Capital Markets cut their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research report on Friday, October 4th. Morgan Stanley dropped their price target on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Wolfe Research initiated coverage on HF Sinclair in a research note on Thursday, July 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. lowered their price objective on HF Sinclair from $60.00 to $51.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. Finally, Argus raised HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $56.91.

HF Sinclair Trading Up 0.5 %

Shares of DINO stock traded up $0.21 during mid-day trading on Wednesday, reaching $44.72. The company’s stock had a trading volume of 345,978 shares, compared to its average volume of 2,037,987. The company’s 50 day simple moving average is $46.69 and its 200-day simple moving average is $51.99. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. HF Sinclair has a 12-month low of $43.88 and a 12-month high of $64.16. The firm has a market capitalization of $8.59 billion, a PE ratio of 5.53 and a beta of 1.16.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.72 by $0.06. The firm had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. HF Sinclair’s revenue for the quarter was up .2% on a year-over-year basis. During the same period in the previous year, the company posted $2.60 EPS. On average, research analysts predict that HF Sinclair will post 2.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DINO. Unison Advisors LLC lifted its holdings in shares of HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock valued at $1,298,000 after purchasing an additional 179 shares during the last quarter. Capital Advisors Wealth Management LLC lifted its holdings in shares of 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 last quarter. Poehling Capital Management INC. lifted its holdings in shares of HF Sinclair by 0.3% during the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after purchasing an additional 203 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after purchasing an additional 228 shares during the last quarter. Finally, Fifth Third Bancorp lifted its holdings in shares of HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 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.