HF Sinclair (NYSE:DINO) Price Target Cut to $51.00

by · The Cerbat Gem

HF Sinclair (NYSE:DINO – Get Free Report) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $60.00 to $51.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 6.94% from the company’s current price.

A number of other equities research analysts have also commented on DINO. Wolfe Research assumed coverage on HF Sinclair in a research report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Mizuho lowered their price target on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating for the company in a report on Monday, September 16th. Piper Sandler reduced their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. Argus raised shares of HF Sinclair to a “hold” rating in a research note on Wednesday, June 26th. Finally, UBS Group cut their price target on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday, August 13th. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $58.91.

View Our Latest Research Report on DINO

HF Sinclair Stock Performance

HF Sinclair stock opened at $47.69 on Wednesday. The business has a 50 day moving average of $46.97 and a 200-day moving average of $52.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.12 and a quick ratio of 0.97. HF Sinclair has a 1 year low of $43.88 and a 1 year high of $64.16. The company has a market capitalization of $9.16 billion, a P/E ratio of 5.90 and a beta of 1.16.

HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.06. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. The firm had revenue of $7.85 billion during the quarter, compared to the consensus estimate of $7.65 billion. During the same quarter last year, the firm earned $2.60 earnings per share. The company’s revenue for the quarter was up .2% on a year-over-year basis. On average, equities research analysts predict that HF Sinclair will post 2.84 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Unison Advisors LLC increased its position in shares of HF Sinclair by 0.8% during the first quarter. Unison Advisors LLC now owns 21,496 shares of the company’s stock worth $1,298,000 after acquiring an additional 179 shares in the last quarter. Capital Advisors Wealth Management LLC raised its stake in shares of HF Sinclair by 2.4% in the first quarter. Capital Advisors Wealth Management LLC now owns 8,135 shares of the company’s stock worth $491,000 after purchasing an additional 190 shares during the last quarter. Poehling Capital Management INC. lifted its holdings in shares of HF Sinclair by 0.3% in the first quarter. Poehling Capital Management INC. now owns 66,079 shares of the company’s stock valued at $3,989,000 after purchasing an additional 203 shares in the last quarter. Empirical Finance LLC boosted its position in shares of HF Sinclair by 1.2% during the second quarter. Empirical Finance LLC now owns 19,300 shares of the company’s stock valued at $1,029,000 after buying an additional 228 shares during the last quarter. Finally, Fifth Third Bancorp grew its holdings in HF Sinclair by 6.7% during the second quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock worth $227,000 after buying an additional 267 shares in the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

About HF Sinclair

(Get Free Report)

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.

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