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

HF Sinclair (NYSE:DINO) had its target price dropped by equities research analysts at Mizuho from $45.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s price objective points to a potential upside of 45.69% from the stock’s previous close.

Several other equities analysts have also recently issued reports on DINO. TD Cowen decreased their price target on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research report on Wednesday, December 18th. Barclays cut their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Friday, March 14th. Piper Sandler set a $46.00 price target on shares of HF Sinclair in a research report on Friday, March 7th. JPMorgan Chase & Co. decreased their price objective on shares of 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, Wells Fargo & Company boosted their target price on shares of HF Sinclair from $42.00 to $44.00 and gave the company an “equal weight” rating in a report on Friday, March 21st. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, HF Sinclair has an average rating of “Hold” and a consensus price target of $46.50.

HF Sinclair Stock Performance

NYSE:DINO opened at $27.46 on Thursday. HF Sinclair has a twelve month low of $26.02 and a twelve 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 stock’s 50-day simple moving average is $34.55 and its 200 day simple moving average is $38.35. The firm has a market capitalization of $5.17 billion, a PE ratio of 33.48 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) earnings per share (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 the consensus estimate of $6.56 billion. On average, analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its stake in shares of HF Sinclair by 53.9% during the fourth 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 period. Wealth Enhancement Advisory Services LLC increased its position in shares of HF Sinclair by 2.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after buying an additional 367 shares during the period. Nissay Asset Management Corp Japan ADV lifted its holdings in HF Sinclair by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after buying an additional 379 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of HF Sinclair by 0.6% during the 4th quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after acquiring an additional 390 shares during the period. Finally, Evergreen Private Wealth LLC raised its position in shares of HF Sinclair by 1.5% in the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after acquiring an additional 392 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

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.