Wells Fargo & Company Lowers HF Sinclair (NYSE:DINO) Price Target to $34.00

HF Sinclair (NYSE:DINO) had its price target dropped by analysts at Wells Fargo & Company from $44.00 to $34.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 6.25% from the stock’s current price.

Several other equities research analysts also recently issued reports on the company. Mizuho dropped their target price on HF Sinclair from $45.00 to $40.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Piper Sandler cut their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating for the company in a research note on Friday. TD Cowen upped their price target on HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday. Morgan Stanley lowered their price target on shares of HF Sinclair from $50.00 to $44.00 and set an “overweight” rating on the stock in a report on Thursday, April 24th. Finally, Scotiabank reduced their price objective on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, HF Sinclair presently has a consensus rating of “Hold” and a consensus price target of $42.30.

HF Sinclair Trading Up 2.3 %

Shares of DINO opened at $32.00 on Friday. The firm has a market cap of $6.03 billion, a P/E ratio of 39.02 and a beta of 1.00. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $58.73. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.81. The business has a 50-day moving average of $31.00 and a 200 day moving average of $35.82.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, May 1st. The company reported ($0.27) earnings per share for the quarter, topping the consensus estimate of ($0.41) by $0.14. The firm had revenue of $6.37 billion during the quarter, compared to the consensus estimate of $6.72 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company’s revenue was down 9.3% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. As a group, research analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

Insider Transactions at HF Sinclair

In other news, Director Franklin Myers bought 5,000 shares of HF Sinclair stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $35.66 per share, with a total value of $178,300.00. Following the completion of the purchase, the director now directly owns 154,065 shares in the company, valued at $5,493,957.90. The trade was a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 0.34% of the stock is currently owned by insiders.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of DINO. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair in the 4th quarter worth approximately $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in HF Sinclair during the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. purchased a new position in shares of HF Sinclair during the fourth quarter worth approximately $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 327 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in shares of HF Sinclair in the 1st quarter valued at $35,000. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

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.