UBS Group Trims HF Sinclair (NYSE:DINO) Target Price to $70.00

HF Sinclair (NYSE:DINO) had its price objective decreased by investment analysts at UBS Group from $73.00 to $70.00 in a report released on Tuesday, Benzinga reports. The firm presently has a “buy” rating on the stock. UBS Group’s price objective would suggest a potential upside of 51.35% from the company’s current price.

DINO has been the topic of a number of other research reports. Mizuho dropped their price objective on shares of HF Sinclair from $64.00 to $61.00 and set a “neutral” rating on the stock in a research note on Thursday, June 20th. Piper Sandler dropped their price target on shares of HF Sinclair from $65.00 to $58.00 and set an “overweight” rating on the stock in a research report on Friday, June 14th. Wells Fargo & Company decreased their price objective on shares of HF Sinclair from $61.00 to $60.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Barclays raised their target price on HF Sinclair from $51.00 to $53.00 and gave the company an “equal weight” rating in a research report on Monday, August 5th. Finally, JPMorgan Chase & Co. reduced their price target on HF Sinclair from $61.00 to $59.00 and set a “neutral” rating for the company in a report on Tuesday, July 2nd. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $62.45.

HF Sinclair Stock Performance

Shares of HF Sinclair stock traded down $0.44 during trading on Tuesday, hitting $46.25. 166,820 shares of the company’s stock were exchanged, compared to its average volume of 1,954,961. The stock has a market capitalization of $8.89 billion, a price-to-earnings ratio of 5.74 and a beta of 1.19. The business has a 50-day simple moving average of $50.62 and a 200-day simple moving average of $55.30. HF Sinclair has a 52-week low of $44.09 and a 52-week high of $64.16. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.09 and a current ratio of 2.17.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a return on equity of 11.73% and a net margin of 3.80%. The company’s revenue was up .2% on a year-over-year basis. During the same quarter last year, the business posted $2.60 EPS. On average, research analysts forecast that HF Sinclair will post 3.85 EPS for the current year.

Insider Activity at HF Sinclair

In other HF Sinclair news, Director Franklin Myers bought 6,500 shares of HF Sinclair stock in a transaction dated Monday, May 20th. The stock was acquired at an average cost of $57.37 per share, for a total transaction of $372,905.00. Following the completion of the transaction, the director now directly owns 138,293 shares of the company’s stock, valued at $7,933,869.41. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently made changes to their positions in DINO. International Assets Investment Management LLC acquired a new stake in shares of HF Sinclair in the 4th quarter worth $408,000. Cerity Partners LLC purchased a new position in HF Sinclair during the fourth quarter worth about $293,000. Louisiana State Employees Retirement System acquired a new position in HF Sinclair in the 4th quarter valued at about $2,445,000. Strs Ohio grew its stake in shares of HF Sinclair by 28.6% in the 4th quarter. Strs Ohio now owns 25,891 shares of the company’s stock valued at $1,438,000 after buying an additional 5,764 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of HF Sinclair by 27.9% during the 4th quarter. Mackenzie Financial Corp now owns 18,456 shares of the company’s stock worth $1,026,000 after buying an additional 4,021 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

About HF Sinclair

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.