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

HF Sinclair (NYSE:DINO) had its price objective cut by investment analysts at Barclays from $54.00 to $51.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price indicates a potential upside of 0.90% from the stock’s current price.

DINO has been the subject of several other research reports. UBS Group boosted their price target on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Scotiabank reaffirmed an “outperform” rating on shares of HF Sinclair in a research report on Thursday, October 9th. Wells Fargo & Company started coverage on HF Sinclair in a report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price target on the stock. The Goldman Sachs Group boosted their price target on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research report on Thursday, September 18th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $60.30.

HF Sinclair Price Performance

Shares of DINO stock opened at $50.55 on Tuesday. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $56.58. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $50.40 and a two-hundred day simple moving average of $49.34. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 24.19 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.50. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period in the previous year, the company posted $0.51 earnings per share. The firm’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that HF Sinclair will post 2.39 EPS for the current fiscal year.

Institutional Trading of HF Sinclair

A number of institutional investors have recently bought and sold shares of DINO. Wedge Capital Management L L P NC increased its stake in HF Sinclair by 9.3% during the 4th quarter. Wedge Capital Management L L P NC now owns 34,583 shares of the company’s stock valued at $1,594,000 after purchasing an additional 2,942 shares in the last quarter. Exchange Traded Concepts LLC lifted its stake in shares of HF Sinclair by 38.2% during the fourth quarter. Exchange Traded Concepts LLC now owns 19,774 shares of the company’s stock worth $911,000 after buying an additional 5,466 shares during the period. Arkfeld Wealth Strategies L.L.C. grew its holdings in shares of HF Sinclair by 0.3% during the fourth quarter. Arkfeld Wealth Strategies L.L.C. now owns 254,510 shares of the company’s stock valued at $12,262,000 after buying an additional 681 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of HF Sinclair by 3,173.2% during the fourth quarter. SG Americas Securities LLC now owns 172,532 shares of the company’s stock valued at $7,950,000 after buying an additional 167,261 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of HF Sinclair by 43.2% in the 4th quarter. Assenagon Asset Management S.A. now owns 662,322 shares of the company’s stock valued at $30,520,000 after acquiring an additional 199,709 shares during the period. 88.29% of the stock is currently 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.