HF Sinclair (NYSE:DINO) Price Target Cut to $40.00 by Analysts at Mizuho

HF Sinclair (NYSE:DINO) had its target price dropped by research analysts at Mizuho from $45.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s target price suggests a potential upside of 33.61% from the stock’s previous close.

Several other equities research analysts have also recently weighed in on DINO. Wells Fargo & Company boosted their target price on HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Morgan Stanley lowered their target price on shares of HF Sinclair from $51.00 to $50.00 and set an “overweight” rating for the company in a report on Friday, March 14th. TD Cowen dropped their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Finally, Barclays dropped their price objective on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, HF Sinclair presently has an average rating of “Hold” and a consensus target price of $46.50.

HF Sinclair Stock Down 10.9 %

Shares of NYSE:DINO traded down $3.67 during trading hours on Thursday, reaching $29.94. The stock had a trading volume of 629,608 shares, compared to its average volume of 2,265,825. HF Sinclair has a 1 year low of $29.85 and a 1 year high of $64.16. The firm’s 50 day moving average is $34.87 and its 200-day moving average is $38.54. The stock has a market capitalization of $5.64 billion, a price-to-earnings ratio of 36.57 and a beta of 1.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing the consensus estimate of ($0.91) by ($0.11). The business had revenue of $6.50 billion during the quarter, compared to analysts’ expectations of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Research analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Insider Transactions at HF Sinclair

In other HF Sinclair news, Director Franklin Myers acquired 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $35.66 per share, with a total value of $178,300.00. Following the acquisition, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. This trade represents a 3.35 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

A number of institutional investors have recently modified their holdings of DINO. EverSource Wealth Advisors LLC lifted its holdings in HF Sinclair by 53.9% in the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares in the last quarter. Nissay Asset Management Corp Japan ADV lifted its stake in shares of HF Sinclair by 1.9% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock valued at $685,000 after purchasing an additional 379 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. grew its position in HF Sinclair by 0.6% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after buying an additional 390 shares during the period. Finally, Evergreen Private Wealth LLC increased its holdings in HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock valued at $938,000 after buying an additional 392 shares in the last quarter. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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.