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

HF Sinclair (NYSE:DINO) had its price target increased by research analysts at Barclays from $86.00 to $122.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential downside of 0.22% from the stock’s current price.

A number of other research firms also recently issued reports on DINO. Wells Fargo & Company boosted their target price on shares of HF Sinclair from $67.00 to $93.00 and gave the company an “equal weight” rating in a report on Tuesday, September 1st. TD Cowen upped their price target on shares of HF Sinclair from $79.00 to $98.00 and gave the stock a “hold” rating in a research report on Tuesday, July 21st. Raymond James Financial increased their price target on shares of HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a research note on Monday, September 14th. Morgan Stanley lifted their price target on shares of HF Sinclair from $78.00 to $127.00 and gave the company an “overweight” rating in a report on Monday, September 14th. Finally, Weiss Ratings upgraded shares of HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, HF Sinclair has a consensus rating of “Moderate Buy” and an average target price of $103.00.

HF Sinclair Trading Up 0.8%

NYSE:DINO traded up $0.97 during mid-day trading on Monday, reaching $122.28. The company’s stock had a trading volume of 1,116,855 shares, compared to its average volume of 2,687,665. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.97 and a quick ratio of 1.10. The stock has a market cap of $21.74 billion, a P/E ratio of 11.66 and a beta of 0.72. The company’s fifty day simple moving average is $102.40 and its two-hundred day simple moving average is $81.69. HF Sinclair has a twelve month low of $45.71 and a twelve month high of $124.50.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to analyst estimates of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company’s revenue was up 53.2% on a year-over-year basis. During the same period in the prior year, the firm posted $1.10 EPS. On average, equities analysts predict that HF Sinclair will post 18.15 EPS for the current year.

Insider Buying and Selling

In related news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

Several large investors have recently made changes to their positions in DINO. BlackRock Inc. acquired a new position in shares of HF Sinclair during the 2nd quarter valued at $1,291,602,000. Dimensional Fund Advisors LP boosted its position in HF Sinclair by 1.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after purchasing an additional 103,135 shares during the period. Bank of New York Mellon Corp purchased a new stake in HF Sinclair during the 2nd quarter worth $140,654,000. NFJ Investment Group LLC acquired a new stake in HF Sinclair in the 2nd quarter valued at $97,422,000. Finally, Bank of America Corp DE acquired a new stake in HF Sinclair in the 2nd quarter valued at $89,846,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.