HF Sinclair (NYSE:DINO) Given New $35.00 Price Target at TD Cowen

HF Sinclair (NYSE:DINO) had its price target decreased by TD Cowen from $43.00 to $35.00 in a report issued on Wednesday,Briefing.com Automated Import reports. The firm presently has a “hold” rating on the stock. TD Cowen’s target price indicates a potential downside of 2.13% from the company’s current price.

A number of other brokerages also recently commented on DINO. UBS Group lowered their price objective on shares of HF Sinclair from $58.00 to $55.00 and set a “buy” rating on the stock in a research report on Monday, November 4th. Barclays reduced their price objective on shares of HF Sinclair from $44.00 to $42.00 and set an “equal weight” rating for the company in a research note on Monday, November 11th. JPMorgan Chase & Co. cut their price target on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. BMO Capital Markets reduced their target price on shares of HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research note on Friday, October 4th. Finally, Mizuho dropped their price objective on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.45.

HF Sinclair Trading Up 0.4 %

NYSE:DINO opened at $35.76 on Wednesday. The business has a 50 day simple moving average of $41.51 and a 200 day simple moving average of $46.26. The firm has a market capitalization of $6.73 billion, a P/E ratio of 22.07 and a beta of 1.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.81 and a quick ratio of 0.90. HF Sinclair has a 12-month low of $35.31 and a 12-month high of $64.16.

HF Sinclair (NYSE:DINO) last announced its earnings results on Thursday, October 31st. The company reported $0.51 EPS for the quarter, topping 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 firm had revenue of $7.21 billion for the quarter, compared to analysts’ expectations of $7.11 billion. During the same quarter in the previous year, the company earned $4.06 earnings per share. The firm’s quarterly revenue was down 19.1% compared to the same quarter last year. Equities research analysts predict that HF Sinclair will post 2.27 EPS for the current year.

Insider Activity

In related news, Director Franklin Myers bought 5,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was acquired at an average cost of $38.76 per share, for a total transaction of $193,800.00. Following the completion of the transaction, the director now directly owns 145,293 shares in the company, valued at $5,631,556.68. This trade represents a 3.56 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Atanas H. Atanasov acquired 7,000 shares of HF Sinclair stock in a transaction dated Thursday, December 12th. The shares were bought at an average cost of $37.96 per share, for a total transaction of $265,720.00. Following the completion of the purchase, the chief financial officer now directly owns 71,927 shares of the company’s stock, valued at approximately $2,730,348.92. The trade was a 10.78 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 0.28% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Pacer Advisors Inc. grew its holdings in shares of HF Sinclair by 8.1% in the third quarter. Pacer Advisors Inc. now owns 8,411,694 shares of the company’s stock worth $374,909,000 after acquiring an additional 626,755 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of HF Sinclair by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 5,749,406 shares of the company’s stock worth $306,665,000 after purchasing an additional 399,988 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of HF Sinclair by 3.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,894,833 shares of the company’s stock worth $218,163,000 after acquiring an additional 165,313 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of HF Sinclair by 54.9% in the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock worth $147,873,000 after buying an additional 997,629 shares in the last quarter. Finally, AustralianSuper Pty Ltd raised its position in HF Sinclair by 11.7% during the third quarter. AustralianSuper Pty Ltd now owns 1,678,196 shares of the company’s stock valued at $74,797,000 after purchasing an additional 175,925 shares during the period. Hedge funds and other 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.