TD Cowen Lowers HF Sinclair (NYSE:DINO) Price Target to $79.00

HF Sinclair (NYSE:DINO) had its price objective dropped by stock analysts at TD Cowen from $80.00 to $79.00 in a report issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the stock. TD Cowen’s price target would suggest a potential upside of 10.16% from the stock’s previous close.

DINO has been the subject of several other reports. Barclays boosted their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Raymond James Financial raised their price target on shares of HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 25th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. The Goldman Sachs Group reiterated a “buy” rating and set a $81.00 price target on shares of HF Sinclair in a research note on Wednesday, May 6th. Finally, Morgan Stanley upped their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $71.55.

HF Sinclair Stock Up 5.0%

Shares of NYSE:DINO traded up $3.42 during trading hours on Monday, hitting $71.71. The company’s stock had a trading volume of 944,336 shares, compared to its average volume of 2,668,619. HF Sinclair has a 52 week low of $40.68 and a 52 week high of $74.72. The firm’s fifty day moving average price is $67.71 and its 200 day moving average price is $58.47. The company has a market capitalization of $12.93 billion, a price-to-earnings ratio of 10.80 and a beta of 0.72. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88.

HF Sinclair (NYSE:DINO) last announced its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The business had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. During the same period in the previous year, the company posted ($0.27) earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. As a group, research analysts expect that HF Sinclair will post 8.9 EPS for the current year.

Insider Transactions at HF Sinclair

In related news, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $69.05, for a total value of $690,500.00. Following the sale, the executive vice president directly owned 43,098 shares in the company, valued at $2,975,916.90. The trade was a 18.83% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Rhoman J. Hardy purchased 1,508 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were purchased at an average cost of $66.32 per share, for a total transaction of $100,010.56. Following the purchase, the director directly owned 15,037 shares in the company, valued at approximately $997,253.84. This represents a 11.15% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock worth $954,694 over the last quarter. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently modified their holdings of DINO. V Square Quantitative Management LLC purchased a new stake in HF Sinclair in the fourth quarter valued at approximately $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair in the fourth quarter valued at about $29,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair in the fourth quarter valued at approximately $36,000. Fairway Wealth LLC purchased a new stake in HF Sinclair during the 1st quarter worth $41,000. Finally, State of Wyoming acquired a new position in shares of HF Sinclair in the second quarter worth about $41,000. 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.