Piper Sandler Reaffirms Overweight Rating for HF Sinclair (NYSE:DINO)

HF Sinclair (NYSE:DINO)‘s stock had its “overweight” rating reaffirmed by equities researchers at Piper Sandler in a research note issued on Friday,Benzinga reports. They presently have a $49.00 price target on the stock. Piper Sandler’s price objective points to a potential upside of 52.21% from the stock’s previous close.

Several other research analysts have also weighed in on the company. Wells Fargo & Company lowered HF Sinclair from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $53.00 to $45.00 in a research report on Monday, December 9th. Mizuho dropped their target price on HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, December 16th. Barclays dropped their target price on 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. JPMorgan Chase & Co. dropped their target price on HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a research report on Tuesday, December 10th. Finally, TD Cowen dropped their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a research report on Wednesday, December 18th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

HF Sinclair Trading Up 1.7 %

Shares of NYSE DINO opened at $32.19 on Friday. HF Sinclair has a 12 month low of $29.85 and a 12 month high of $64.16. The company has a market cap of $6.07 billion, a price-to-earnings ratio of 39.26 and a beta of 1.13. 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 business has a fifty day simple moving average of $35.85 and a 200-day simple moving average of $40.30.

HF Sinclair (NYSE:DINO) last posted its quarterly 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). The business had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Sell-side analysts predict that HF Sinclair will post 2.39 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Atanas H. Atanasov purchased 7,000 shares of the business’s 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 acquisition, the chief financial officer now directly owns 71,927 shares in the company, valued at approximately $2,730,348.92. This trade represents a 10.78 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Franklin Myers bought 5,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the transaction, the director now owns 154,065 shares of the company’s stock, valued at $5,493,957.90. The trade was a 3.35 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 17,635 shares of company stock worth $632,860. Corporate insiders own 0.28% of the company’s stock.

Institutional Trading of HF Sinclair

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in HF Sinclair in the third quarter valued at approximately $27,000. Sugar Maple Asset Management LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $27,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in HF Sinclair in the fourth quarter valued at approximately $31,000. Lee Danner & Bass Inc. bought a new position in shares of HF Sinclair during the fourth quarter worth approximately $32,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of 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 purchasing an additional 327 shares during the period. 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.