HF Sinclair (NYSE:DINO) Stock Rating Lowered by Wall Street Zen

HF Sinclair (NYSE:DINO) was downgraded by analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Monday.

A number of other analysts have also recently issued reports on DINO. Morgan Stanley lifted their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Barclays reduced their price objective on shares of HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 13th. Raymond James Financial reissued a “strong-buy” rating and set a $65.00 target price (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. UBS Group raised their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Finally, Mizuho upped their price target on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and an average price target of $59.80.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $48.67 on Monday. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. HF Sinclair has a one year low of $24.66 and a one year high of $56.58. The business’s 50-day moving average price is $50.20 and its two-hundred day moving average price is $49.49. The company has a market capitalization of $8.95 billion, a P/E ratio of 23.29 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.94 by $0.50. The business had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The firm’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company earned $0.51 EPS. Analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. lifted its holdings in shares of HF Sinclair by 14.6% during the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock worth $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth raised its stake in HF Sinclair by 71.7% during the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares during the last quarter. Parallel Advisors LLC raised its stake in HF Sinclair by 421.9% during the 2nd quarter. Parallel Advisors LLC now owns 4,008 shares of the company’s stock valued at $165,000 after purchasing an additional 3,240 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in HF Sinclair by 86.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 95,457 shares of the company’s stock valued at $4,215,000 after purchasing an additional 44,227 shares during the period. Finally, Diversified Trust Co acquired a new stake in HF Sinclair in the 2nd quarter worth $600,000. Institutional investors and hedge funds own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.