Barclays Issues Pessimistic Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO - Get Free Report) had its price objective lowered by Barclays from $44.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Barclays's price target points to a potential downside of 1.01% from the stock's previous close.

DINO has been the topic of a number of other research reports. Wolfe Research initiated coverage on HF Sinclair in a report on Thursday, July 18th. They set a "peer perform" rating on the stock. Mizuho decreased their price objective on HF Sinclair from $53.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, October 10th. UBS Group decreased their price target on shares of HF Sinclair from $58.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, November 4th. Wells Fargo & Company reduced their price objective on shares of HF Sinclair from $54.00 to $53.00 and set an "overweight" rating on the stock in a research note on Wednesday, October 9th. Finally, Morgan Stanley reduced their price target on HF Sinclair from $63.00 to $57.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $54.27.

HF Sinclair Stock Up 1.5 %

Shares of DINO stock traded up $0.62 on Monday, reaching $42.43. 1,514,200 shares of the stock were exchanged, compared to its average volume of 2,037,035. HF Sinclair has a twelve month low of $38.25 and a twelve month high of $64.16. The company has a market capitalization of $7.98 billion, a price-to-earnings ratio of 25.80 and a beta of 1.18. 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 business's 50 day moving average price is $44.39 and its 200 day moving average price is $49.21.

HF Sinclair (NYSE:DINO - Get Free Report) last posted its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.19. The firm had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. HF Sinclair had a net margin of 1.10% and a return on equity of 5.51%. The company's revenue was down 19.1% on a year-over-year basis. During the same period last year, the firm posted $4.06 EPS. As a group, sell-side analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the business's stock in a transaction on Friday, November 1st. The shares were purchased at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the purchase, the director now directly owns 145,293 shares of the company's stock, valued at $5,631,556.68. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.28% of the company's stock.

Institutional Investors Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sei Investments Co. lifted its holdings in HF Sinclair by 25.6% in the 1st quarter. Sei Investments Co. now owns 61,664 shares of the company's stock valued at $3,722,000 after acquiring an additional 12,558 shares during the last quarter. Inspire Advisors LLC acquired a new stake in shares of HF Sinclair during the first quarter worth $274,000. Russell Investments Group Ltd. boosted its position in shares of HF Sinclair by 62.9% in the 1st quarter. Russell Investments Group Ltd. now owns 224,751 shares of the company's stock valued at $13,564,000 after purchasing an additional 86,813 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in HF Sinclair by 11.8% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 137,115 shares of the company's stock worth $8,278,000 after buying an additional 14,521 shares during the period. Finally, State Board of Administration of Florida Retirement System boosted its holdings in shares of HF Sinclair by 3.4% in the first quarter. State Board of Administration of Florida Retirement System now owns 172,354 shares of the company's stock worth $10,405,000 after buying an additional 5,624 shares during the period. 88.29% of the stock is currently owned by 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.