HF Sinclair (NYSE:DINO – Get Free Report) had its target price dropped by equities research analysts at Barclays from $53.00 to $44.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Barclays‘s target price suggests a potential downside of 1.12% from the company’s previous close.
A number of other equities analysts have also commented on DINO. Argus raised shares of HF Sinclair to a “hold” rating in a report on Wednesday, June 26th. Morgan Stanley decreased their price target on shares of HF Sinclair from $63.00 to $57.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Mizuho decreased their price target on shares of HF Sinclair from $55.00 to $53.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Piper Sandler decreased their price target on shares of HF Sinclair from $58.00 to $49.00 and set an “overweight” rating on the stock in a report on Friday, September 20th. Finally, JPMorgan Chase & Co. decreased their price target on shares of HF Sinclair from $60.00 to $51.00 and set a “neutral” rating on the stock in a report on Wednesday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $57.00.
Check Out Our Latest Report on DINO
HF Sinclair Stock Performance
HF Sinclair (NYSE:DINO – Get Free Report) last posted its earnings results on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. The business had revenue of $7.85 billion for the quarter, compared to analyst estimates of $7.65 billion. HF Sinclair had a net margin of 3.80% and a return on equity of 11.85%. HF Sinclair’s revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.60 EPS. As a group, analysts expect that HF Sinclair will post 2.84 earnings per share for the current fiscal year.
Hedge Funds Weigh In On HF Sinclair
Institutional investors and hedge funds have recently made changes to their positions in the business. CWM LLC boosted its position in HF Sinclair by 43.5% during the 3rd quarter. CWM LLC now owns 14,625 shares of the company’s stock valued at $652,000 after buying an additional 4,434 shares during the period. Massmutual Trust Co. FSB ADV boosted its position in HF Sinclair by 82.2% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 820 shares of the company’s stock valued at $37,000 after buying an additional 370 shares during the period. Paragon Capital Management Inc. boosted its position in HF Sinclair by 1.3% during the 2nd quarter. Paragon Capital Management Inc. now owns 33,364 shares of the company’s stock valued at $1,780,000 after buying an additional 419 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in HF Sinclair during the 2nd quarter valued at $4,246,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in HF Sinclair during the 2nd quarter valued at $2,921,000. Institutional investors own 88.29% of the company’s stock.
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.
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