HF Sinclair (NYSE:DINO) Stock Gets Price Target Increase from Morgan Stanley

by · The Markets Daily

HF Sinclair (NYSE:DINO – Get Free Report) had its price objective boosted by Morgan Stanley from $127.00 to $130.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley‘s price target suggests a potential upside of 15.17% from the stock’s current price.

DINO has been the subject of a number of other research reports. Piper Sandler assumed coverage on HF Sinclair in a research note on Tuesday, October 27th. They set an “overweight” rating and a $152.00 price objective for the company. Weiss Ratings upgraded HF Sinclair from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Barclays upped their price objective on HF Sinclair from $86.00 to $122.00 and gave the company an “equal weight” rating in a research report on Monday, October 12th. Mizuho boosted their price objective on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research report on Thursday, October 8th. Finally, Wells Fargo & Company increased their price objective on shares of HF Sinclair from $93.00 to $135.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 14th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Check Out Our Latest Stock Analysis on HF Sinclair

HF Sinclair Trading Down 1.8%

DINO traded down $2.12 during trading on Monday, hitting $112.88. 1,121,498 shares of the stock traded hands, compared to its average volume of 2,652,104. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.27 and a quick ratio of 1.40. The firm has a market capitalization of $19.34 billion, a P/E ratio of 5.74 and a beta of 0.73. HF Sinclair has a 12-month low of $45.71 and a 12-month high of $129.37. The firm has a 50-day moving average of $111.90 and a 200 day moving average of $78.21.

HF Sinclair (NYSE:DINO – Get Free Report) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $11.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.83 by $3.92. HF Sinclair had a return on equity of 32.95% and a net margin of 10.12%. The company had revenue of $10.86 billion for the quarter, compared to the consensus estimate of $8.89 billion. During the same quarter in the previous year, the business earned $2.44 EPS. HF Sinclair’s revenue was up 49.7% compared to the same quarter last year. Equities research analysts anticipate that HF Sinclair will post 21.09 EPS for the current year.

Insiders Place Their Bets

In related news, SVP Dale Kunneman sold 8,936 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president owned 42,561 shares in the company, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Reyes Financial Architecture Inc. acquired a new position in HF Sinclair in the 3rd quarter valued at about $29,000. Bullock Wealth Management Group acquired a new stake in shares of HF Sinclair in the 3rd quarter worth approximately $41,000. Latitude Advisors LLC purchased a new stake in shares of HF Sinclair in the 3rd quarter worth about $40,000. Richardson Financial Services Inc. purchased a new position in shares of HF Sinclair during the 3rd quarter worth approximately $48,000. Finally, Lynch Investment Planning LLC purchased a new stake in shares of HF Sinclair in the third quarter valued at $49,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

About HF Sinclair

(Get Free Report)

HF Sinclair Corporation (NYSE:DINO) is an independent energy company engaged in refining, marketing and distributing petroleum products. The company operates refineries that process crude oil into gasoline, diesel, jet fuel, asphalt, lubricants and other specialty products. Its portfolio also includes renewable fuels activities and the production and marketing of base oils and other petroleum-based products.

HF Sinclair markets fuel under the Sinclair brand and supplies products to commercial customers, independent retailers and other wholesale and retail channels.

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