The Goldman Sachs Group Increases HF Sinclair (NYSE:DINO) Price Target to $109.00

HF Sinclair (NYSE:DINO) had its price target hoisted by investment analysts at The Goldman Sachs Group from $81.00 to $109.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s target price points to a potential upside of 22.48% from the company’s current price.

Several other brokerages have also recently commented on DINO. TD Cowen lifted their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research note on Tuesday. Wall Street Zen upgraded shares of HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Freedom Capital upgraded shares of HF Sinclair to a “hold” rating in a research note on Friday, June 5th. UBS Group raised their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, Mizuho restated a “neutral” rating and set a $79.00 target price (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, HF Sinclair currently has a consensus rating of “Hold” and a consensus target price of $79.08.

HF Sinclair Trading Down 2.1%

Shares of NYSE:DINO opened at $89.00 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. HF Sinclair has a 52-week low of $42.16 and a 52-week high of $93.66. The stock has a market cap of $16.04 billion, a price-to-earnings ratio of 13.38 and a beta of 0.72. The business has a 50-day moving average price of $73.39 and a 200-day moving average price of $62.87.

HF Sinclair (NYSE:DINO) last issued its earnings results on Friday, May 1st. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same quarter in the prior year, the firm earned ($0.27) earnings per share. HF Sinclair’s revenue for the quarter was up 11.8% on a year-over-year basis. Equities analysts predict that HF Sinclair will post 10.81 EPS for the current year.

Insider Buying and Selling

In other news, Director Manuel J. Fernandez sold 635 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total transaction of $46,412.15. Following the sale, the director owned 16,543 shares of the company’s stock, valued at $1,209,127.87. This trade represents a 3.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Valerie Pompa sold 10,000 shares of HF Sinclair stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $69.05, for a total transaction of $690,500.00. Following the transaction, the executive vice president directly owned 43,098 shares of the company’s stock, valued at approximately $2,975,916.90. This trade represents a 18.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 13,736 shares of company stock valued at $954,694 in the last three months. 0.26% of the stock is currently owned by company insiders.

Institutional Trading of HF Sinclair

A number of hedge funds have recently added to or reduced their stakes in DINO. Vanguard Group Inc. increased its holdings in HF Sinclair by 2.7% in the fourth quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock valued at $775,556,000 after buying an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of HF Sinclair by 1.1% in the 1st quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after purchasing an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock worth $293,260,000 after purchasing an additional 48,103 shares during the period. State Street Corp boosted its position in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after purchasing an additional 22,150 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after purchasing an additional 523,709 shares in the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.