Morgan Stanley Lowers HF Sinclair (NYSE:DINO) Price Target to $57.00

HF Sinclair (NYSE:DINO) had its target price lowered by analysts at Morgan Stanley from $63.00 to $57.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective would indicate a potential upside of 22.48% from the stock’s previous close.

Several other brokerages have also recently weighed in on DINO. JPMorgan Chase & Co. upped their price objective on shares of HF Sinclair from $59.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, August 19th. Argus raised HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Wolfe Research initiated coverage on HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating for the company. Barclays increased their target price on HF Sinclair from $51.00 to $53.00 and gave the stock an “equal weight” rating in a report on Monday, August 5th. Finally, Piper Sandler cut their price target on HF Sinclair from $65.00 to $58.00 and set an “overweight” rating for the company in a report on Friday, June 14th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $60.55.

HF Sinclair Trading Up 2.7 %

Shares of DINO opened at $46.54 on Monday. The company has a current ratio of 2.12, a quick ratio of 0.97 and a debt-to-equity ratio of 0.26. The stock has a market cap of $8.94 billion, a PE ratio of 5.76 and a beta of 1.18. HF Sinclair has a 1 year low of $44.07 and a 1 year high of $64.16. The stock has a 50 day simple moving average of $47.65 and a 200-day simple moving average of $53.32.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company had revenue of $7.85 billion during the quarter, compared to analysts’ expectations of $7.65 billion. During the same period last year, the business earned $2.60 earnings per share. The business’s revenue was up .2% on a year-over-year basis. On average, sell-side analysts predict that HF Sinclair will post 3.69 EPS for the current fiscal year.

Institutional Investors Weigh In On HF Sinclair

Institutional investors have recently modified their holdings of the business. Pacer Advisors Inc. boosted its stake in HF Sinclair by 58.3% in the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock valued at $415,249,000 after acquiring an additional 2,868,273 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of HF Sinclair by 9.3% in the 4th quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after purchasing an additional 1,549,091 shares during the last quarter. Norges Bank acquired a new stake in shares of HF Sinclair during the fourth quarter worth $65,774,000. AQR Capital Management LLC increased its holdings in HF Sinclair by 54.9% in the second quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its stake in HF Sinclair by 15,066.7% in the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after buying an additional 660,978 shares during the period. Institutional investors and hedge funds 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.