HF Sinclair (NYSE:DINO) Price Target Raised to $95.00 at Raymond James Financial

HF Sinclair (NYSE:DINO) had its target price hoisted by analysts at Raymond James Financial from $87.00 to $95.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “strong-buy” rating on the stock. Raymond James Financial’s price objective indicates a potential upside of 17.28% from the company’s current price.

Several other research firms also recently issued reports on DINO. Freedom Capital raised shares of HF Sinclair to a “hold” rating in a report on Friday, June 5th. UBS Group upped their price target on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. Weiss Ratings raised shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. Scotiabank lifted their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Finally, Zacks Research lowered HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and an average price target of $74.27.

HF Sinclair Stock Performance

DINO stock traded up $2.93 during trading on Monday, hitting $81.00. 200,091 shares of the company traded hands, compared to its average volume of 2,643,145. The stock’s 50-day simple moving average is $70.42 and its 200 day simple moving average is $60.27. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The company has a market cap of $14.60 billion, a PE ratio of 12.13 and a beta of 0.72. HF Sinclair has a 1 year low of $42.16 and a 1 year high of $81.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. The business had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.27) EPS. On average, equities analysts expect that HF Sinclair will post 9.89 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Rhoman J. Hardy acquired 1,508 shares of the business’s stock in a transaction that occurred on Tuesday, June 16th. The stock was purchased at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the completion of the transaction, the director owned 15,037 shares in the company, valued at approximately $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Matthew Joyce sold 2,384 shares of HF Sinclair stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares in the company, valued at $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 13,736 shares of company stock valued at $954,694 in the last quarter. Insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

Several institutional investors have recently made changes to their positions in the company. Virtus Investment Advisers LLC increased its stake in HF Sinclair by 5.9% during the fourth quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after acquiring an additional 195 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock worth $267,000 after purchasing an additional 210 shares during the last quarter. Unison Advisors LLC increased its position in shares of HF Sinclair by 0.9% during the 4th quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after purchasing an additional 218 shares during the last quarter. Parallel Advisors LLC raised its holdings in HF Sinclair by 4.9% in the 4th quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock valued at $220,000 after buying an additional 221 shares during the period. Finally, Blue Trust Inc. raised its holdings in HF Sinclair by 4.7% in the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock valued at $319,000 after buying an additional 228 shares during the period. Hedge funds and other institutional investors own 88.29% of the company’s stock.

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.