HF Sinclair (NYSE:DINO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

HF Sinclair (NYSE:DINO) had its target price lifted by equities research analysts at Wells Fargo & Company from $42.00 to $44.00 in a report released on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 31.18% from the company’s current price.

A number of other brokerages also recently commented on DINO. Piper Sandler set a $46.00 price objective on HF Sinclair in a research report on Friday, March 7th. Barclays reduced their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating for the company in a research report on Friday, March 14th. 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. Morgan Stanley reduced their price objective on HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a research report on Friday, March 14th. Finally, 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. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.00.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $33.54 on Friday. The business has a 50 day moving average price of $35.38 and a 200 day moving average price of $39.23. HF Sinclair has a twelve month low of $29.85 and a twelve month high of $64.16. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 40.90 and a beta of 1.13. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share 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 business had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. Research analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average cost of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now directly owns 154,065 shares of the company’s stock, valued at approximately $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.28% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently bought and sold shares of the business. Sugar Maple Asset Management LLC acquired a new stake in HF Sinclair during the 4th quarter valued at $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair in the 4th quarter valued at $31,000. Lee Danner & Bass Inc. bought a new position in HF Sinclair in the 4th quarter valued at $32,000. EverSource Wealth Advisors LLC boosted its position in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after buying an additional 327 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its position in HF Sinclair by 68.0% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,378 shares of the company’s stock valued at $48,000 after buying an additional 558 shares during the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

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.