Mizuho Has Lowered Expectations for HF Sinclair (NYSE:DINO) Stock Price

HF Sinclair (NYSE:DINO) had its price objective lowered by investment analysts at Mizuho from $45.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price target would suggest a potential upside of 33.61% from the company’s previous close.

DINO has been the topic of a number of other research reports. TD Cowen lowered their target price on HF Sinclair from $43.00 to $35.00 and set a “hold” rating on the stock in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their target price on shares of HF Sinclair from $51.00 to $50.00 and set a “neutral” rating for the company in a report on Tuesday, December 10th. Piper Sandler set a $46.00 price objective on shares of HF Sinclair in a report on Friday, March 7th. Barclays reduced their target price on HF Sinclair from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, March 14th. Finally, Wells Fargo & Company lifted their price objective on shares of HF Sinclair from $42.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Friday, March 21st. Seven research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.50.

HF Sinclair Stock Down 10.9 %

NYSE:DINO traded down $3.67 on Thursday, reaching $29.94. 629,608 shares of the stock traded hands, compared to its average volume of 2,265,825. 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 company has a market capitalization of $5.64 billion, a price-to-earnings ratio of 36.57 and a beta of 1.13. HF Sinclair has a 12 month low of $29.85 and a 12 month high of $64.16. The company’s fifty day simple moving average is $34.87 and its 200 day simple moving average is $38.54.

HF Sinclair (NYSE:DINO) last announced 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 firm had revenue of $6.50 billion for the quarter, compared to the consensus estimate of $6.56 billion. HF Sinclair had a net margin of 0.62% and a return on equity of 1.98%. Equities analysts predict that HF Sinclair will post 2.39 EPS for the current fiscal year.

Insider Activity at HF Sinclair

In other news, Director Franklin Myers acquired 5,000 shares of the business’s stock in a transaction 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 purchase, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.28% of the stock is owned by corporate insiders.

Institutional Trading of HF Sinclair

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC raised its holdings in HF Sinclair by 53.9% in the 4th quarter. EverSource Wealth Advisors LLC now owns 934 shares of the company’s stock valued at $33,000 after acquiring an additional 327 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in HF Sinclair by 2.0% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares during the period. Nissay Asset Management Corp Japan ADV raised its holdings in shares of HF Sinclair by 1.9% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 20,023 shares of the company’s stock valued at $685,000 after buying an additional 379 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its position in shares of HF Sinclair by 0.6% during the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 64,275 shares of the company’s stock worth $2,253,000 after purchasing an additional 390 shares in the last quarter. Finally, Evergreen Private Wealth LLC lifted its holdings in HF Sinclair by 1.5% during the 4th quarter. Evergreen Private Wealth LLC now owns 26,754 shares of the company’s stock worth $938,000 after buying an additional 392 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

HF Sinclair Company Profile

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.