HF Sinclair (NYSE:DINO) Price Target Cut to $51.00 by Analysts at JPMorgan Chase & Co.

HF Sinclair (NYSE:DINO) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $60.00 to $51.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target would indicate a potential upside of 13.56% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler decreased their price objective on HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Wolfe Research started coverage on HF Sinclair in a research note on Thursday, July 18th. They issued a “peer perform” rating on the stock. Wells Fargo & Company cut their price objective on HF Sinclair from $60.00 to $54.00 and set an “overweight” rating for the company in a report on Tuesday, September 3rd. Argus raised shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Finally, Barclays lifted their price target on shares of HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a report on Monday, August 5th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average price target of $58.91.

HF Sinclair Stock Performance

Shares of DINO stock traded up $0.66 during trading hours on Wednesday, reaching $44.91. 495,662 shares of the company’s stock were exchanged, compared to its average volume of 2,039,373. The business has a fifty day moving average price of $47.08 and a 200-day moving average price of $52.51. The stock has a market capitalization of $8.63 billion, a P/E ratio of 5.56 and a beta of 1.18. The company has a quick ratio of 0.97, a current ratio of 2.12 and a debt-to-equity ratio of 0.26. HF Sinclair has a fifty-two week low of $43.88 and a fifty-two week high of $64.16.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The company had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $2.60 EPS. Analysts predict that HF Sinclair will post 2.84 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Nordea Investment Management AB boosted its position in HF Sinclair by 424.5% during the first quarter. Nordea Investment Management AB now owns 183,123 shares of the company’s stock worth $11,037,000 after purchasing an additional 148,208 shares during the period. Vanguard Group Inc. lifted its position in HF Sinclair by 9.3% during the fourth quarter. Vanguard Group Inc. now owns 18,214,568 shares of the company’s stock worth $1,012,184,000 after acquiring an additional 1,549,091 shares during the last quarter. Cetera Advisors LLC acquired a new position in shares of HF Sinclair in the first quarter valued at approximately $1,146,000. Oppenheimer & Co. Inc. increased its stake in shares of HF Sinclair by 99.4% during the first quarter. Oppenheimer & Co. Inc. now owns 37,891 shares of the company’s stock worth $2,287,000 after purchasing an additional 18,886 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in HF Sinclair during the 1st quarter worth approximately $3,891,000. 88.29% of the stock is currently 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.