Morgan Stanley Has Lowered Expectations for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its price objective decreased by stock analysts at Morgan Stanley from $51.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 54.49% from the stock’s previous close.

Several other analysts have also recently commented on the stock. Barclays reduced their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating for the company in a research note on Monday, January 13th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $53.00 to $45.00 in a research note on Monday, December 9th. Mizuho reduced their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, TD Cowen reduced their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.10.

HF Sinclair Trading Up 4.3 %

Shares of HF Sinclair stock opened at $32.36 on Friday. HF Sinclair has a 1 year low of $29.85 and a 1 year high of $64.16. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The company has a market capitalization of $6.10 billion, a P/E ratio of 39.47 and a beta of 1.13. The company’s fifty day moving average is $35.50 and its two-hundred day moving average is $39.73.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, February 20th. The company reported ($1.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The business had revenue of $6.50 billion for the quarter, compared to analysts’ expectations of $6.56 billion. Analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov purchased 5,000 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $33.77 per share, for a total transaction of $168,850.00. Following the completion of the acquisition, the chief financial officer now directly owns 78,927 shares in the company, valued at $2,665,364.79. This represents a 6.76 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders acquired 10,635 shares of company stock worth $367,140. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors have recently bought and sold shares of DINO. Southeastern Asset Management Inc. TN purchased a new stake in HF Sinclair during the fourth quarter worth approximately $96,344,000. Balyasny Asset Management L.P. grew its stake in HF Sinclair by 645.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock worth $64,525,000 after buying an additional 1,593,875 shares during the period. Norges Bank purchased a new stake in HF Sinclair during the fourth quarter worth approximately $41,317,000. Thompson Siegel & Walmsley LLC grew its stake in HF Sinclair by 114.1% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock worth $74,116,000 after buying an additional 1,126,825 shares during the period. Finally, First Trust Advisors LP grew its stake in HF Sinclair by 53.7% during the fourth quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock worth $110,025,000 after buying an additional 1,096,485 shares during the period. 88.29% of the stock is currently owned by hedge funds and other 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.