Barclays Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its target price decreased by stock analysts at Barclays from $42.00 to $37.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential upside of 3.15% from the stock’s current price.

A number of other research firms have also recently commented on DINO. Scotiabank cut their target price on shares of HF Sinclair from $66.00 to $57.00 and set a “sector outperform” rating for the company in a research note on Thursday, October 10th. TD Cowen dropped their price objective on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Mizuho dropped their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, December 16th. Piper Sandler dropped their price objective on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating for the company in a research note on Friday, September 20th. Finally, Morgan Stanley dropped their price objective on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, HF Sinclair currently has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair Trading Up 3.2 %

NYSE:DINO opened at $35.87 on Monday. HF Sinclair has a 12 month low of $33.47 and a 12 month high of $64.16. The firm has a fifty day simple moving average of $38.44 and a 200-day simple moving average of $43.91. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The company has a market capitalization of $6.75 billion, a P/E ratio of 22.14 and a beta of 1.22.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.19. The company had revenue of $7.21 billion during the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The firm’s quarterly revenue was down 19.1% on a year-over-year basis. During the same period in the previous year, the firm posted $4.06 earnings per share. On average, equities research analysts anticipate that HF Sinclair will post 2.27 earnings per share for the current year.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers bought 5,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was purchased at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the acquisition, the director now owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Atanas H. Atanasov bought 7,000 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $37.96 per share, with a total value of $265,720.00. Following the completion of the acquisition, the chief financial officer now owns 71,927 shares of the company’s stock, valued at $2,730,348.92. This trade represents a 10.78 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased 17,000 shares of company stock worth $628,370 over the last 90 days. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Institutional investors have recently added to or reduced their stakes in the stock. Matrix Trust Co increased its stake in HF Sinclair by 478.3% during the fourth quarter. Matrix Trust Co now owns 3,331 shares of the company’s stock valued at $117,000 after purchasing an additional 2,755 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in HF Sinclair by 2.0% during the 4th 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. Nordea Investment Management AB increased its stake in HF Sinclair by 10.9% during the 4th quarter. Nordea Investment Management AB now owns 281,675 shares of the company’s stock valued at $9,828,000 after buying an additional 27,733 shares during the period. JPMorgan Chase & Co. increased its stake in HF Sinclair by 4.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 849,117 shares of the company’s stock valued at $37,845,000 after buying an additional 33,373 shares during the period. Finally, Wilmington Savings Fund Society FSB acquired a new position in HF Sinclair during the 3rd quarter valued at about $134,000. 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.