HF Sinclair (NYSE:DINO) Price Target Raised to $71.00

HF Sinclair (NYSE:DINOGet Rating) had its price target increased by equities research analysts at Piper Sandler from $70.00 to $71.00 in a research report issued on Friday, The Fly reports. Piper Sandler’s target price points to a potential upside of 35.86% from the stock’s previous close.

Several other research firms have also weighed in on DINO. Credit Suisse Group boosted their target price on shares of HF Sinclair to $64.00 in a report on Thursday, June 9th. JPMorgan Chase & Co. boosted their target price on shares of HF Sinclair from $52.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 8th. Wells Fargo & Company lowered shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $62.00 to $55.00 in a report on Wednesday. Morgan Stanley boosted their target price on shares of HF Sinclair from $53.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, July 15th. Finally, Barclays boosted their target price on shares of HF Sinclair from $51.00 to $56.00 and gave the company an “equal weight” rating in a report on Tuesday, August 16th. Three 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $58.50.

HF Sinclair Stock Up 3.5 %

Shares of NYSE DINO opened at $52.26 on Friday. HF Sinclair has a 12-month low of $29.14 and a 12-month high of $58.50. The stock has a market cap of $11.33 billion, a PE ratio of 6.70, a P/E/G ratio of 0.34 and a beta of 1.43. The company has a current ratio of 1.89, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average of $50.13 and a 200 day moving average of $45.66.

HF Sinclair (NYSE:DINOGet Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported $5.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $1.03. HF Sinclair had a net margin of 5.61% and a return on equity of 20.74%. The company had revenue of $11.16 billion during the quarter, compared to analysts’ expectations of $9.23 billion. During the same quarter in the prior year, the company earned $0.87 EPS. HF Sinclair’s revenue was up 143.9% compared to the same quarter last year. As a group, sell-side analysts predict that HF Sinclair will post 13.94 EPS for the current fiscal year.

Insiders Place Their Bets

In other HF Sinclair news, Director Manuel J. Fernandez sold 950 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $55.31, for a total transaction of $52,544.50. Following the sale, the director now directly owns 9,803 shares in the company, valued at approximately $542,203.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other HF Sinclair news, Director Manuel J. Fernandez sold 950 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $55.31, for a total transaction of $52,544.50. Following the sale, the director now directly owns 9,803 shares in the company, valued at approximately $542,203.93. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Vaishali S. Bhatia sold 10,435 shares of the stock in a transaction that occurred on Thursday, August 18th. The stock was sold at an average price of $54.03, for a total transaction of $563,803.05. Following the sale, the senior vice president now owns 38,442 shares in the company, valued at $2,077,021.26. The disclosure for this sale can be found here. 0.35% of the stock is owned by company insiders.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of HF Sinclair by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 41,965 shares of the company’s stock valued at $1,895,000 after purchasing an additional 236 shares during the last quarter. Commerce Bank grew its position in shares of HF Sinclair by 2.5% in the 2nd quarter. Commerce Bank now owns 13,152 shares of the company’s stock valued at $594,000 after buying an additional 325 shares during the last quarter. Exchange Traded Concepts LLC grew its position in HF Sinclair by 31.9% during the 2nd quarter. Exchange Traded Concepts LLC now owns 2,283 shares of the company’s stock worth $103,000 after purchasing an additional 552 shares during the last quarter. Canton Hathaway LLC purchased a new position in HF Sinclair during the 2nd quarter worth $25,000. Finally, Kovitz Investment Group Partners LLC grew its position in HF Sinclair by 0.4% during the 2nd quarter. Kovitz Investment Group Partners LLC now owns 165,611 shares of the company’s stock worth $7,479,000 after purchasing an additional 643 shares during the last quarter. 89.58% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair

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HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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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