TD Cowen Lowers HF Sinclair (NYSE:DINO) Price Target to $35.00

HF Sinclair (NYSE:DINO) had its price target cut by investment analysts at TD Cowen from $43.00 to $35.00 in a research note issued to investors on Wednesday,Briefing.com Automated Import reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential downside of 2.13% from the company’s current price.

A number of other equities analysts have also weighed in on the stock. UBS Group cut their target price on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Mizuho decreased their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday. Wells Fargo & Company downgraded shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $53.00 to $45.00 in a report on Monday, December 9th. Piper Sandler reduced their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research report on Friday, September 20th. Finally, BMO Capital Markets dropped their target price on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a report on Friday, October 4th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $51.45.

HF Sinclair Stock Up 0.4 %

Shares of NYSE DINO opened at $35.76 on Wednesday. HF Sinclair has a 12 month low of $35.31 and a 12 month high of $64.16. The company has a market cap of $6.73 billion, a price-to-earnings ratio of 22.07 and a beta of 1.20. 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 stock has a 50-day moving average price of $41.51 and a two-hundred day moving average price of $46.26.

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

Insider Buying and Selling at HF Sinclair

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

Institutional Investors Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of DINO. Fifth Third Bancorp grew its stake in shares of HF Sinclair by 6.7% in the 2nd quarter. Fifth Third Bancorp now owns 4,258 shares of the company’s stock valued at $227,000 after purchasing an additional 267 shares during the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of HF Sinclair in the second quarter valued at approximately $250,000. New York State Teachers Retirement System lifted its position in HF Sinclair by 0.4% during the second quarter. New York State Teachers Retirement System now owns 199,663 shares of the company’s stock worth $10,650,000 after buying an additional 773 shares during the period. Keynote Financial Services LLC boosted its position in shares of HF Sinclair by 3.4% in the second quarter. Keynote Financial Services LLC now owns 11,354 shares of the company’s stock worth $606,000 after acquiring an additional 370 shares during the last quarter. Finally, Spirit of America Management Corp NY grew its position in HF Sinclair by 12.6% during the second quarter. Spirit of America Management Corp NY now owns 31,176 shares of the company’s stock valued at $1,663,000 after acquiring an additional 3,500 shares during the period. 88.29% of the stock is currently 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.