Wells Fargo & Company Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

HF Sinclair (NYSE:DINO) had its price target upped by analysts at Wells Fargo & Company from $58.00 to $67.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price points to a potential upside of 9.93% from the company’s current price.

Several other research firms have also commented on DINO. Raymond James Financial raised their price target on shares of HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research report on Wednesday, March 25th. TD Cowen upped their price objective on shares of HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. Morgan Stanley set a $57.00 target price on shares of HF Sinclair in a research note on Thursday, February 19th. Weiss Ratings restated a “hold (c)” rating on shares of HF Sinclair in a research report on Friday, March 27th. Finally, Mizuho lifted their price target on HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research note on Tuesday, March 17th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.00.

HF Sinclair Trading Down 2.3%

Shares of NYSE:DINO opened at $60.95 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $64.70. The business has a 50 day moving average of $55.70 and a two-hundred day moving average of $52.79. The company has a market capitalization of $10.99 billion, a PE ratio of 19.85 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter last year, the company earned ($1.02) EPS. The business’s revenue was down .6% on a year-over-year basis. As a group, analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

Institutional Trading of HF Sinclair

Several institutional investors have recently modified their holdings of DINO. Vanguard Group Inc. raised its position in shares of HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after buying an additional 560,194 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in HF Sinclair by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after buying an additional 48,103 shares in the last quarter. State Street Corp raised its holdings in shares of HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after acquiring an additional 22,150 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock valued at $200,880,000 after acquiring an additional 523,709 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

About HF Sinclair

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.