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

HF Sinclair (NYSE:DINO) had its target price dropped by analysts at Barclays from $37.00 to $35.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 8.14% from the company’s current price.

Several other research firms have also issued reports on DINO. JPMorgan Chase & Co. decreased their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research report on Tuesday, December 10th. Piper Sandler set a $46.00 target price on HF Sinclair in a research report on Friday, March 7th. TD Cowen cut their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. Mizuho cut their price objective on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Finally, Wells Fargo & Company cut HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $53.00 to $45.00 in a report on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair has an average rating of “Hold” and a consensus target price of $47.10.

HF Sinclair Price Performance

Shares of DINO stock opened at $32.36 on Friday. The firm has a market cap of $6.10 billion, a price-to-earnings ratio of 39.47 and a beta of 1.13. HF Sinclair has a 12 month low of $29.85 and a 12 month high of $64.16. The stock has a 50-day moving average price of $35.50 and a 200 day moving average price of $39.73. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24.

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

Insider Buying and Selling at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $35.66 per share, with a total value of $178,300.00. Following the transaction, the director now directly 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 SEC, which can be accessed through this hyperlink. In the last quarter, insiders have bought 10,635 shares of company stock worth $367,140. Corporate insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DINO. Sigma Planning Corp increased its position in shares of HF Sinclair by 15.4% during the 3rd quarter. Sigma Planning Corp now owns 6,309 shares of the company’s stock worth $281,000 after purchasing an additional 844 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its position in shares of HF Sinclair by 3.1% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 324,560 shares of the company’s stock worth $14,466,000 after purchasing an additional 9,899 shares during the last quarter. Oppenheimer & Co. Inc. increased its position in shares of HF Sinclair by 5.0% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 44,465 shares of the company’s stock worth $1,982,000 after purchasing an additional 2,124 shares during the last quarter. Coastline Trust Co acquired a new position in shares of HF Sinclair during the 3rd quarter worth approximately $55,000. Finally, Natixis Advisors LLC increased its holdings in shares of HF Sinclair by 7.5% during the 3rd quarter. Natixis Advisors LLC now owns 49,384 shares of the company’s stock worth $2,201,000 after acquiring an additional 3,456 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.