Raymond James Financial Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

HF Sinclair (NYSE:DINO) had its price target raised by equities research analysts at Raymond James Financial from $66.00 to $75.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “strong-buy” rating on the stock. Raymond James Financial’s price target would indicate a potential upside of 18.63% from the company’s current price.

A number of other equities analysts have also weighed in on the company. Wall Street Zen lowered HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Monday, January 19th. Morgan Stanley set a $57.00 price target on HF Sinclair in a research note on Thursday, February 19th. Mizuho upped their price objective on HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a report on Tuesday, March 17th. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 29th. Finally, Piper Sandler reduced their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $60.18.

HF Sinclair Stock Performance

Shares of DINO stock opened at $63.22 on Wednesday. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $63.63. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 20.59 and a beta of 0.83. The company has a 50-day simple moving average of $54.61 and a 200 day simple moving average of $52.48. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.83 by $0.37. The firm had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The business’s revenue was down .6% on a year-over-year basis. During the same period in the prior year, the firm earned ($1.02) EPS. On average, sell-side analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of HF Sinclair by 2.7% during the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company’s stock worth $775,556,000 after purchasing an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of HF Sinclair by 6.4% in the third quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company’s stock worth $484,631,000 after purchasing an additional 560,194 shares during the period. Charles Schwab Investment Management Inc. raised its stake in HF Sinclair by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company’s stock valued at $293,260,000 after purchasing an additional 48,103 shares in the last quarter. State Street Corp lifted its position in HF Sinclair by 0.4% during the fourth quarter. State Street Corp now owns 6,142,078 shares of the company’s stock worth $283,027,000 after purchasing an additional 22,150 shares during the period. Finally, AQR Capital Management LLC lifted its position in HF Sinclair by 13.7% during the fourth quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company’s stock worth $200,880,000 after purchasing an additional 523,709 shares during the period. Institutional investors 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.