Barclays Cuts HF Sinclair (NYSE:DINO) Price Target to $51.00

HF Sinclair (NYSE:DINO) had its price target lowered by analysts at Barclays from $54.00 to $51.00 in a report released on Tuesday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 2.44% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Wells Fargo & Company started coverage on shares of HF Sinclair in a research note on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price objective for the company. Mizuho upped their price objective on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research report on Friday, December 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 29th. Scotiabank reissued an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Finally, The Goldman Sachs Group boosted their price objective on shares of HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have given a Hold rating and one has assigned a Sell 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 $60.30.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded up $0.26 on Tuesday, hitting $49.79. 213,880 shares of the company’s stock were exchanged, compared to its average volume of 2,574,468. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $56.58. The company has a 50-day simple moving average of $50.53 and a 200-day simple moving average of $49.27. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The stock has a market capitalization of $9.16 billion, a PE ratio of 23.84 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.50. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The business had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the previous year, the firm earned $0.51 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, equities analysts anticipate that HF Sinclair will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Arkfeld Wealth Strategies L.L.C. raised its holdings in HF Sinclair by 0.3% in the 4th quarter. Arkfeld Wealth Strategies L.L.C. now owns 254,510 shares of the company’s stock valued at $12,262,000 after acquiring an additional 681 shares during the last quarter. SG Americas Securities LLC grew its position in shares of HF Sinclair by 3,173.2% in the fourth quarter. SG Americas Securities LLC now owns 172,532 shares of the company’s stock valued at $7,950,000 after purchasing an additional 167,261 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of HF Sinclair by 43.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 662,322 shares of the company’s stock valued at $30,520,000 after purchasing an additional 199,709 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in HF Sinclair by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,128 shares of the company’s stock worth $4,906,000 after buying an additional 5,120 shares in the last quarter. Finally, NorthCrest Asset Manangement LLC boosted its stake in HF Sinclair by 12.0% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 10,922 shares of the company’s stock worth $538,000 after buying an additional 1,172 shares during the last quarter. Hedge funds and other institutional investors own 88.29% of the company’s stock.

About HF Sinclair

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.