HF Sinclair (NYSE:DINO) Given New $50.00 Price Target at Morgan Stanley

HF Sinclair (NYSE:DINO) had its price target dropped by stock analysts at Morgan Stanley from $51.00 to $50.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 54.49% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their price target on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating on the stock in a report on Tuesday, December 10th. Barclays cut their price target on shares of HF Sinclair from $42.00 to $37.00 and set an “equal weight” rating on the stock in a report on Monday, January 13th. Mizuho cut their price target on shares of HF Sinclair from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, December 16th. Piper Sandler set a $46.00 target price on shares of HF Sinclair in a research note on Friday, March 7th. Finally, TD Cowen lowered their target price on shares of HF Sinclair from $43.00 to $35.00 and set a “hold” rating for the company in a research note on Wednesday, December 18th. Seven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, HF Sinclair has a consensus rating of “Hold” and an average price target of $47.10.

HF Sinclair Trading Up 4.3 %

NYSE DINO opened at $32.36 on Friday. The company’s fifty day simple moving average is $35.50 and its 200-day simple moving average is $39.73. HF Sinclair has a 52 week low of $29.85 and a 52 week high of $64.16. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market cap of $6.10 billion, a P/E ratio of 39.47 and a beta of 1.13.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, February 20th. The company reported ($1.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.91) by ($0.11). HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.50 billion for the quarter, compared to analyst estimates of $6.56 billion. Equities research analysts predict that HF Sinclair will post 2.39 EPS for the current fiscal year.

Insider Activity at HF Sinclair

In related news, CFO Atanas H. Atanasov bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average price of $33.77 per share, for a total transaction of $168,850.00. Following the transaction, the chief financial officer now directly owns 78,927 shares of the company’s stock, valued at approximately $2,665,364.79. This represents a 6.76 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased 10,635 shares of company stock worth $367,140 in the last 90 days. Corporate insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently bought and sold shares of DINO. Southeastern Asset Management Inc. TN bought a new position in HF Sinclair in the 4th quarter valued at about $96,344,000. Balyasny Asset Management L.P. grew its position in HF Sinclair by 645.1% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,840,955 shares of the company’s stock valued at $64,525,000 after buying an additional 1,593,875 shares in the last quarter. Norges Bank bought a new position in HF Sinclair in the 4th quarter valued at about $41,317,000. Thompson Siegel & Walmsley LLC grew its position in HF Sinclair by 114.1% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 2,114,575 shares of the company’s stock valued at $74,116,000 after buying an additional 1,126,825 shares in the last quarter. Finally, First Trust Advisors LP grew its position in HF Sinclair by 53.7% in the 4th quarter. First Trust Advisors LP now owns 3,139,092 shares of the company’s stock valued at $110,025,000 after buying an additional 1,096,485 shares in the last quarter. 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.