HF Sinclair (NYSE:DINO) Given New $130.00 Price Target at Morgan Stanley

HF Sinclair (NYSE:DINO – Get Free Report) had its price objective boosted by equities research analysts at Morgan Stanley from $127.00 to $130.00 in a report released on Monday, Benzinga reports. The firm presently has an “overweight” rating on the stock. Morgan Stanley‘s price objective points to a potential upside of 15.17% from the company’s previous close.

A number of other analysts also recently weighed in on the stock. TD Cowen increased their price target on shares of HF Sinclair from $100.00 to $110.00 and gave the company a “hold” rating in a research report on Thursday, October 22nd. Raymond James Financial set a $150.00 price target on shares of HF Sinclair in a research note on Wednesday. Wells Fargo & Company lifted their target price on HF Sinclair from $93.00 to $135.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 14th. Mizuho increased their price target on shares of HF Sinclair from $85.00 to $119.00 and gave the company a “neutral” rating in a research note on Thursday, October 8th. Finally, Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

View Our Latest Analysis on HF Sinclair

HF Sinclair Price Performance

Shares of HF Sinclair stock traded down $2.12 during midday trading on Monday, reaching $112.88. The company had a trading volume of 1,121,498 shares, compared to its average volume of 2,652,104. The company has a market capitalization of $19.34 billion, a price-to-earnings ratio of 5.74 and a beta of 0.73. HF Sinclair has a 1-year low of $45.71 and a 1-year high of $129.37. The company has a current ratio of 2.27, a quick ratio of 1.40 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $111.90 and a 200 day simple moving average of $78.21.

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

Insider Transactions at HF Sinclair

In related news, SVP Dale Kunneman sold 8,936 shares of HF Sinclair stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total transaction of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company’s stock, valued at approximately $3,599,809.38. The trade was a 17.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.26% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in shares of HF Sinclair during the second quarter worth $1,291,602,000. Dimensional Fund Advisors LP lifted its holdings in HF Sinclair by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock worth $577,114,000 after acquiring an additional 103,135 shares during the period. Bank of New York Mellon Corp purchased a new stake in HF Sinclair during the second quarter worth about $140,654,000. NFJ Investment Group LLC purchased a new stake in HF Sinclair in the second quarter worth $97,422,000. Finally, Bank of America Corp DE purchased a new stake in HF Sinclair during the second quarter valued at about $89,846,000. 88.29% of the stock is owned by institutional investors.

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.

Further Reading

Analyst Recommendations for HF Sinclair (NYSE:DINO)

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