Wall Street Zen Upgrades HF Sinclair (NYSE:DINO) to “Strong-Buy”

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

Several other research firms have also recently weighed in on DINO. TD Cowen increased their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the company a “hold” rating in a research note on Thursday, February 19th. Piper Sandler cut their price target on HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. Argus upgraded HF Sinclair to a “hold” rating in a research report on Tuesday, February 24th. Barclays decreased their price objective on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 13th. Finally, Raymond James Financial upped their target price on HF Sinclair from $66.00 to $75.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 25th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $61.00.

HF Sinclair Trading Down 0.1%

Shares of HF Sinclair stock opened at $60.69 on Friday. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $64.70. The company’s fifty day simple moving average is $56.14 and its 200-day simple moving average is $52.91. The company has a market cap of $10.94 billion, a price-to-earnings ratio of 19.77 and a beta of 0.70. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The firm had revenue of $6.46 billion during the quarter, compared to the consensus estimate 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. As a group, sell-side analysts expect that HF Sinclair will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DINO. V Square Quantitative Management LLC bought a new position in HF Sinclair during the 4th quarter valued at about $26,000. Quent Capital LLC acquired a new position in shares of HF Sinclair in the 3rd quarter worth approximately $28,000. REAP Financial Group LLC acquired a new position in shares of HF Sinclair in the 4th quarter worth approximately $29,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair during the 4th quarter worth approximately $36,000. Finally, State of Wyoming acquired a new stake in HF Sinclair during the 2nd quarter valued at $41,000. 88.29% of the stock is owned by institutional investors.

About HF Sinclair

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.