Barclays Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its target price dropped by investment analysts at Barclays from $37.00 to $35.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price target indicates a potential upside of 8.14% from the stock’s current price.

Several other equities analysts also recently commented on the company. Wells Fargo & Company downgraded HF Sinclair from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $53.00 to $45.00 in a report on Monday, December 9th. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. Mizuho reduced their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. reduced their price objective on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, Morgan Stanley reduced their target price on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $47.10.

HF Sinclair Trading Up 4.3 %

Shares of DINO stock opened at $32.36 on Friday. HF Sinclair has a 12 month low of $29.85 and a 12 month high of $64.16. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average is $35.50 and its two-hundred day moving average is $39.73. The company has a market cap of $6.10 billion, a PE ratio of 39.47 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Equities analysts predict that HF Sinclair will post 2.39 EPS for the current year.

Insider Buying and Selling at HF Sinclair

In other HF Sinclair news, CFO Atanas H. Atanasov bought 5,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the purchase, the chief financial officer now owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last three months, insiders purchased 10,635 shares of company stock valued at $367,140. 0.28% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently made changes to their positions in the business. JPMorgan Chase & Co. increased its stake in shares of HF Sinclair by 4.1% in the third quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after buying an additional 33,373 shares in the last quarter. Aigen Investment Management LP increased its stake in shares of HF Sinclair by 124.9% in the fourth quarter. Aigen Investment Management LP now owns 63,231 shares of the company’s stock valued at $2,216,000 after buying an additional 35,121 shares in the last quarter. Amundi increased its position in HF Sinclair by 132.3% in the fourth quarter. Amundi now owns 1,748,994 shares of the company’s stock worth $61,025,000 after purchasing an additional 996,155 shares during the period. Merit Financial Group LLC acquired a new stake in HF Sinclair in the fourth quarter worth about $263,000. Finally, Blue Trust Inc. increased its position in HF Sinclair by 57.9% in the fourth quarter. Blue Trust Inc. now owns 7,244 shares of the company’s stock worth $254,000 after purchasing an additional 2,655 shares during the period. 88.29% of the stock is currently 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.