HF Sinclair (NYSE:DINO) Sets New 1-Year Low – What’s Next?

by · The Cerbat Gem

Shares of HF Sinclair Co. (NYSE:DINO – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $42.06 and last traded at $42.06, with a volume of 21411 shares traded. The stock had previously closed at $42.88.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DINO shares. UBS Group decreased their target price on shares of HF Sinclair from $73.00 to $70.00 and set a “buy” rating for the company in a research note on Tuesday, August 13th. BMO Capital Markets reduced their price objective on HF Sinclair from $57.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday, October 4th. Mizuho dropped their target price on HF Sinclair from $53.00 to $50.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Barclays reduced their price target on shares of HF Sinclair from $53.00 to $44.00 and set an “equal weight” rating for the company in a research report on Monday, October 7th. Finally, Wolfe Research assumed coverage on shares of HF Sinclair in a report on Thursday, July 18th. They issued a “peer perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $55.82.

Get Our Latest Stock Analysis on HF Sinclair

HF Sinclair Price Performance

The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.97 and a current ratio of 2.12. The firm’s fifty day moving average is $45.46 and its two-hundred day moving average is $50.10. The company has a market cap of $7.79 billion, a P/E ratio of 6.53 and a beta of 1.16.

HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.06. HF Sinclair had a return on equity of 11.85% and a net margin of 3.80%. The firm had revenue of $7.85 billion during the quarter, compared to analyst estimates of $7.65 billion. During the same quarter in the prior year, the company posted $2.60 earnings per share. The business’s quarterly revenue was up .2% compared to the same quarter last year. As a group, analysts anticipate that HF Sinclair Co. will post 2.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors have recently added to or reduced their stakes in DINO. Pacer Advisors Inc. boosted its position in shares of HF Sinclair by 58.3% during the second quarter. Pacer Advisors Inc. now owns 7,784,939 shares of the company’s stock worth $415,249,000 after acquiring an additional 2,868,273 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of HF Sinclair by 54.9% during the 2nd quarter. AQR Capital Management LLC now owns 2,816,084 shares of the company’s stock valued at $147,873,000 after purchasing an additional 997,629 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of HF Sinclair by 3.8% during the 1st quarter. Vanguard Group Inc. now owns 18,910,599 shares of the company’s stock valued at $1,141,633,000 after purchasing an additional 696,031 shares during the last quarter. Janus Henderson Group PLC grew its position in shares of HF Sinclair by 15,066.7% during the first quarter. Janus Henderson Group PLC now owns 665,365 shares of the company’s stock valued at $40,168,000 after purchasing an additional 660,978 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. bought a new stake in shares of HF Sinclair in the second quarter worth about $33,177,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

(Get Free Report)

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.

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