HF Sinclair (NYSE:DINO) Price Target Raised to $54.00

HF Sinclair (NYSE:DINO) had its price target lifted by equities research analysts at Scotiabank from $53.00 to $54.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “sector perform” rating on the stock. Scotiabank’s target price indicates a potential downside of 8.82% from the stock’s current price.

Several other brokerages also recently weighed in on DINO. TD Cowen lifted their target price on HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. Barclays lifted their target price on HF Sinclair from $51.00 to $61.00 and gave the company an “equal weight” rating in a research note on Tuesday, April 14th. Wells Fargo & Company lifted their target price on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research note on Tuesday, March 31st. Mizuho lifted their price target on HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Finally, Argus upgraded HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $62.00.

HF Sinclair Stock Performance

Shares of NYSE DINO traded down $0.34 during mid-day trading on Wednesday, hitting $59.22. The company had a trading volume of 478,050 shares, compared to its average volume of 2,836,070. The stock has a market cap of $10.68 billion, a price-to-earnings ratio of 19.28 and a beta of 0.70. HF Sinclair has a 12 month low of $29.23 and a 12 month high of $64.70. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $57.24 and its two-hundred day simple moving average is $53.42.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.37. The business had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The business’s revenue was down .6% on a year-over-year basis. During the same quarter last year, the business posted ($1.02) EPS. As a group, equities research analysts forecast that HF Sinclair will post 6.16 earnings per share for the current year.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently modified their holdings of DINO. Convergence Investment Partners LLC acquired a new stake in shares of HF Sinclair in the third quarter worth $1,408,000. Citigroup Inc. boosted its position in shares of HF Sinclair by 41.4% in the third quarter. Citigroup Inc. now owns 445,121 shares of the company’s stock worth $23,298,000 after buying an additional 130,338 shares during the period. RWC Asset Management LLP boosted its position in shares of HF Sinclair by 30.3% in the third quarter. RWC Asset Management LLP now owns 143,634 shares of the company’s stock worth $7,518,000 after buying an additional 33,394 shares during the period. Diversified Trust Co boosted its position in shares of HF Sinclair by 211.5% in the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock worth $2,382,000 after buying an additional 30,901 shares during the period. Finally, Pacific Heights Asset Management LLC boosted its position in HF Sinclair by 16.7% during the third quarter. Pacific Heights Asset Management LLC now owns 350,000 shares of the company’s stock valued at $18,319,000 after purchasing an additional 50,000 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.