Barclays Issues Positive Forecast for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its target price boosted by research analysts at Barclays from $71.00 to $81.00 in a report issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s target price would suggest a potential upside of 3.92% from the company’s current price.

DINO has been the subject of several other research reports. Wall Street Zen upgraded HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Zacks Research lowered shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Friday, June 12th. Wells Fargo & Company lifted their price objective on HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Morgan Stanley boosted their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Finally, Raymond James Financial upped their target price on shares of HF Sinclair from $66.00 to $75.00 and gave the stock a “strong-buy” rating in a report on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $72.45.

HF Sinclair Trading Down 0.2%

NYSE DINO opened at $77.94 on Monday. The stock has a market cap of $14.05 billion, a P/E ratio of 11.72 and a beta of 0.72. The company has a fifty day simple moving average of $70.42 and a two-hundred day simple moving average of $60.27. HF Sinclair has a 12-month low of $42.16 and a 12-month high of $78.79. The company has a current ratio of 1.79, a quick ratio of 0.88 and a debt-to-equity ratio of 0.28.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.75. The company had revenue of $7.12 billion for the quarter, compared to analysts’ expectations of $6.83 billion. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. HF Sinclair’s revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.27) EPS. On average, analysts forecast that HF Sinclair will post 9.89 earnings per share for the current year.

Insider Activity at HF Sinclair

In related news, Director Manuel J. Fernandez sold 635 shares of the business’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $73.09, for a total value of $46,412.15. Following the sale, the director owned 16,543 shares of the company’s stock, valued at $1,209,127.87. The trade was a 3.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Rhoman J. Hardy acquired 1,508 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The stock was bought at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have sold 13,736 shares of company stock valued at $954,694 in the last quarter. Insiders own 0.26% of the company’s stock.

Institutional Trading of HF Sinclair

A number of hedge funds have recently modified their holdings of DINO. Virtus Investment Advisers LLC increased its stake in shares of HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company’s stock worth $161,000 after acquiring an additional 195 shares in the last quarter. D.A. Davidson & CO. lifted its position in HF Sinclair by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 5,791 shares of the company’s stock valued at $267,000 after acquiring an additional 210 shares during the period. Unison Advisors LLC boosted its stake in HF Sinclair by 0.9% during the fourth quarter. Unison Advisors LLC now owns 23,315 shares of the company’s stock worth $1,074,000 after acquiring an additional 218 shares in the last quarter. Parallel Advisors LLC boosted its stake in HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company’s stock worth $220,000 after acquiring an additional 221 shares in the last quarter. Finally, Blue Trust Inc. grew its holdings in HF Sinclair by 4.7% in the first quarter. Blue Trust Inc. now owns 5,109 shares of the company’s stock worth $319,000 after purchasing an additional 228 shares during the period. Institutional investors own 88.29% of the company’s stock.

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.