HF Sinclair (NYSE:DINO) Price Target Cut to $45.00 by Analysts at Mizuho

HF Sinclair (NYSE:DINO) had its target price decreased by investment analysts at Mizuho from $50.00 to $45.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Mizuho’s price target indicates a potential upside of 24.65% from the company’s current price.

DINO has been the subject of a number of other reports. Morgan Stanley cut their target price on HF Sinclair from $63.00 to $57.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Piper Sandler lowered their target price on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a research note on Friday, September 20th. JPMorgan Chase & Co. cut their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a research note on Tuesday, December 10th. Finally, BMO Capital Markets lowered their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating on the stock in a research note on Friday, October 4th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, HF Sinclair has an average rating of “Hold” and an average target price of $53.00.

HF Sinclair Stock Performance

HF Sinclair stock traded down $1.35 during trading hours on Monday, reaching $36.10. 708,830 shares of the company were exchanged, compared to its average volume of 1,994,075. HF Sinclair has a 12 month low of $35.93 and a 12 month high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a 50-day moving average of $41.91 and a 200 day moving average of $46.52. The firm has a market cap of $6.79 billion, a price-to-earnings ratio of 22.23 and a beta of 1.20.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.19. HF Sinclair had a return on equity of 5.51% and a net margin of 1.10%. The company had revenue of $7.21 billion for the quarter, compared to the consensus estimate of $7.11 billion. During the same period last year, the business posted $4.06 earnings per share. The firm’s revenue was down 19.1% compared to the same quarter last year. As a group, research analysts anticipate that HF Sinclair will post 2.27 earnings per share for the current year.

Insider Activity at HF Sinclair

In related news, Director Franklin Myers purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were bought at an average price of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now owns 145,293 shares of the company’s stock, valued at approximately $5,631,556.68. This trade represents a 3.56 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. 0.28% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of DINO. Aigen Investment Management LP acquired a new position in HF Sinclair during the 3rd quarter worth approximately $1,253,000. Point72 Hong Kong Ltd acquired a new position in shares of HF Sinclair during the second quarter worth $723,000. Thompson Siegel & Walmsley LLC lifted its stake in shares of HF Sinclair by 4.9% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 886,164 shares of the company’s stock valued at $47,268,000 after acquiring an additional 41,456 shares during the last quarter. River Road Asset Management LLC increased its holdings in HF Sinclair by 3.4% in the 3rd quarter. River Road Asset Management LLC now owns 769,847 shares of the company’s stock worth $34,312,000 after purchasing an additional 25,041 shares in the last quarter. Finally, Citigroup Inc. raised its position in HF Sinclair by 25.1% in the third quarter. Citigroup Inc. now owns 200,882 shares of the company’s stock valued at $8,953,000 after purchasing an additional 40,341 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

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.