HF Sinclair (NYSE:DINO) Given “Overweight” Rating at Piper Sandler

HF Sinclair (NYSE:DINO)‘s stock had its “overweight” rating reaffirmed by analysts at Piper Sandler in a research report issued on Friday,Benzinga reports. They presently have a $49.00 price target on the stock. Piper Sandler’s price objective suggests a potential upside of 51.84% from the stock’s previous close.

Several other analysts have also weighed in on the stock. Barclays decreased their target price on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. TD Cowen dropped their price objective on HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. JPMorgan Chase & Co. reduced their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research note on Tuesday, December 10th. Mizuho dropped their target price on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, December 16th. Finally, Wells Fargo & Company cut shares of HF Sinclair from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $53.00 to $45.00 in a research note on Monday, December 9th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.00.

HF Sinclair Stock Performance

HF Sinclair stock traded up $0.63 during mid-day trading on Friday, reaching $32.27. The company had a trading volume of 440,006 shares, compared to its average volume of 3,181,669. The company has a quick ratio of 0.90, a current ratio of 1.81 and a debt-to-equity ratio of 0.24. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 39.32 and a beta of 1.13. The company has a 50 day moving average of $35.89 and a 200-day moving average of $40.47. HF Sinclair has a 52 week low of $29.85 and a 52 week high of $64.16.

HF Sinclair (NYSE:DINO) last released its earnings results on Thursday, February 20th. The company reported ($1.02) earnings per share for the quarter, missing the consensus estimate of ($0.91) by ($0.11). HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. The company had revenue of $6.50 billion during the quarter, compared to the consensus estimate of $6.56 billion. On average, sell-side analysts expect that HF Sinclair will post 2.39 EPS for the current fiscal year.

Insider Activity

In other news, CFO Atanas H. Atanasov acquired 5,000 shares of HF Sinclair stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average price of $33.77 per share, with a total value of $168,850.00. Following the purchase, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at $2,665,364.79. The trade was a 6.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have acquired 17,635 shares of company stock valued at $632,860. 0.28% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in HF Sinclair by 53.9% during the fourth quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock worth $33,000 after acquiring an additional 327 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in HF Sinclair by 2.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock worth $669,000 after purchasing an additional 367 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its holdings in HF Sinclair by 1.9% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock worth $685,000 after buying an additional 379 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in HF Sinclair by 0.6% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock valued at $2,253,000 after buying an additional 390 shares in the last quarter. Finally, Evergreen Private Wealth LLC boosted its holdings in shares of HF Sinclair by 1.5% in the fourth quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock valued at $938,000 after buying an additional 392 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.