HF Sinclair (NYSE:DINO) Stock Price Target Raised at Mizuho

by · The Cerbat Gem

HF Sinclair (NYSE:DINO – Get Free Report) had its price objective raised by analysts at Mizuho from $85.00 to $119.00 in a report released on Thursday, Benzinga reports. The firm presently has a “neutral” rating on the stock. Mizuho’s target price suggests a potential upside of 2.95% from the stock’s previous close.

DINO has been the topic of a number of other research reports. Raymond James Financial boosted their price objective on HF Sinclair from $105.00 to $140.00 and gave the stock a “strong-buy” rating in a research note on Monday, September 14th. Barclays raised their target price on HF Sinclair from $81.00 to $86.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 29th. Evercore started coverage on shares of HF Sinclair in a research report on Friday, July 17th. They set an “in-line” rating and a $85.00 price target on the stock. Wells Fargo & Company increased their price objective on shares of HF Sinclair from $67.00 to $93.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 1st. Finally, TD Cowen raised their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $97.67.

Get Our Latest Stock Analysis on HF Sinclair

HF Sinclair Stock Performance

NYSE DINO opened at $115.59 on Thursday. The firm has a market cap of $20.55 billion, a price-to-earnings ratio of 11.03 and a beta of 0.72. The company has a 50 day moving average of $101.24 and a 200-day moving average of $80.83. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. HF Sinclair has a 1-year low of $45.71 and a 1-year high of $118.39.

HF Sinclair (NYSE:DINO – Get Free Report) last announced its earnings results on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.HF Sinclair’s revenue was up 53.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.10 EPS. On average, equities analysts forecast that HF Sinclair will post 18.15 earnings per share for the current fiscal year.

Insider Transactions at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the transaction, the senior vice president owned 42,561 shares in the company, valued at $3,599,809.38. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DINO. Bank of New Hampshire acquired a new stake in shares of HF Sinclair during the 3rd quarter worth approximately $741,000. Park National Corp OH acquired a new position in HF Sinclair in the third quarter valued at approximately $201,000. QRG Capital Management Inc. lifted its holdings in HF Sinclair by 27.0% in the second quarter. QRG Capital Management Inc. now owns 7,231 shares of the company’s stock valued at $504,000 after buying an additional 1,536 shares during the period. Core Capital Management & Research inc. bought a new position in HF Sinclair in the second quarter valued at approximately $67,000. Finally, Sequoia Financial Advisors LLC grew its holdings in HF Sinclair by 67.5% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 14,553 shares of the company’s stock worth $1,014,000 after acquiring an additional 5,863 shares during the period. 88.29% of the stock is currently owned by institutional investors and hedge funds.

About HF Sinclair

(Get Free Report)

HF Sinclair Corporation is an independent energy company engaged in refining, marketing, and distributing petroleum products. The company produces gasoline, diesel fuel, jet fuel, asphalt, lubricants, and specialty products for commercial, industrial, and consumer markets. Its operations also include renewable energy activities, including the production and marketing of renewable diesel.

HF Sinclair markets fuel and related products through branded and unbranded channels under names that include Sinclair, HollyFrontier, and Petro-Canada Lubricants.

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