HF Sinclair (NYSE:DINO) Given New $64.00 Price Target at Piper Sandler

HF Sinclair (NYSE:DINO) had its target price upped by stock analysts at Piper Sandler from $59.00 to $64.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 14.19% from the company’s current price.

Other analysts have also issued reports about the stock. Barclays boosted their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 1st. The Goldman Sachs Group increased their price objective on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday. Raymond James Financial reiterated a “strong-buy” rating and issued a $65.00 target price (up previously from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of HF Sinclair in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $59.18.

HF Sinclair Trading Up 3.7%

Shares of NYSE:DINO traded up $2.02 during midday trading on Friday, hitting $56.05. 395,475 shares of the stock traded hands, compared to its average volume of 2,693,948. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The business’s 50 day moving average is $52.68 and its two-hundred day moving average is $45.21. The stock has a market capitalization of $10.31 billion, a PE ratio of -122.07 and a beta of 0.99. HF Sinclair has a one year low of $24.66 and a one year high of $56.24.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. During the same quarter in the prior year, the company posted $0.51 EPS. HF Sinclair’s quarterly revenue was up .6% compared to the same quarter last year. As a group, research analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DINO. Vident Advisory LLC acquired a new position in HF Sinclair during the third quarter worth $1,324,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of HF Sinclair during the 3rd quarter worth $224,000. Comerica Bank grew its stake in shares of HF Sinclair by 4.8% during the 3rd quarter. Comerica Bank now owns 77,508 shares of the company’s stock worth $4,057,000 after purchasing an additional 3,565 shares during the period. Pathstone Holdings LLC increased its holdings in shares of HF Sinclair by 4.4% in the 3rd quarter. Pathstone Holdings LLC now owns 61,466 shares of the company’s stock valued at $3,217,000 after purchasing an additional 2,581 shares in the last quarter. Finally, Energy Income Partners LLC lifted its stake in shares of HF Sinclair by 30.3% in the third quarter. Energy Income Partners LLC now owns 70,278 shares of the company’s stock valued at $3,678,000 after purchasing an additional 16,324 shares during the period. Institutional investors and hedge funds 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.