The Goldman Sachs Group Raises HF Sinclair (NYSE:DINO) Price Target to $109.00

HF Sinclair (NYSE:DINO) had its price target increased by investment analysts at The Goldman Sachs Group from $81.00 to $109.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 18.93% from the stock’s current price.

A number of other research firms have also issued reports on DINO. Evercore began coverage on HF Sinclair in a report on Friday, July 17th. They issued an “in-line” rating and a $85.00 target price for the company. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a research report on Tuesday, March 31st. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Barclays increased their target price on HF Sinclair from $71.00 to $81.00 and gave the company an “equal weight” rating in a report on Monday, July 13th. Finally, Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.08.

HF Sinclair Trading Down 0.0%

HF Sinclair stock traded down $0.04 during trading on Wednesday, hitting $91.65. The company had a trading volume of 828,349 shares, compared to its average volume of 2,671,161. The stock has a market cap of $16.52 billion, a price-to-earnings ratio of 13.77 and a beta of 0.72. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28. HF Sinclair has a 1-year low of $42.16 and a 1-year high of $93.66. The company’s 50 day simple moving average is $72.55 and its 200-day simple moving average is $62.26.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The business had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. During the same period last year, the business posted ($0.27) earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. As a group, analysts expect that HF Sinclair will post 10.27 EPS for the current fiscal year.

Insider Transactions at HF Sinclair

In other news, CFO Vivek Garg sold 717 shares of the stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer owned 11,475 shares in the company, valued at approximately $824,937.75. This represents a 5.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total value of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares in the company, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 13,736 shares of company stock worth $954,694 over the last 90 days. Company insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently modified their holdings of the stock. NFJ Investment Group LLC boosted its holdings in shares of HF Sinclair by 1,275.3% in the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock valued at $86,333,000 after acquiring an additional 1,737,318 shares in the last quarter. Invesco Ltd. grew its stake in shares of HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after purchasing an additional 994,090 shares during the period. Victory Capital Management Inc. increased its holdings in HF Sinclair by 101.3% in the fourth quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock valued at $82,712,000 after buying an additional 903,177 shares in the last quarter. Merewether Investment Management LP acquired a new stake in shares of HF Sinclair during the 3rd quarter valued at approximately $35,717,000. Finally, First Trust Advisors LP boosted its position in HF Sinclair by 161.5% during the first quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock worth $64,702,000 after purchasing an additional 640,455 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

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.