Evercore Initiates Coverage on HF Sinclair (NYSE:DINO)

Stock analysts at Evercore started coverage on shares of HF Sinclair (NYSE:DINO) in a research report issued to clients and investors on Friday, MarketBeat.com reports. The firm set a “hold” rating and a $85.00 price target on the stock. Evercore’s price objective would suggest a potential downside of 4.01% from the stock’s current price.

DINO has been the subject of a number of other reports. Scotiabank boosted their price objective on shares of HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a report on Wednesday, April 22nd. Morgan Stanley raised their price objective on shares of HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, June 12th. Weiss Ratings upgraded shares of HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. TD Cowen reduced their target price on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating for the company in a report on Monday, June 29th. Finally, Barclays increased their price target on shares of HF Sinclair from $71.00 to $81.00 and gave the stock an “equal weight” rating in a research report on Monday, July 13th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $75.17.

HF Sinclair Stock Performance

HF Sinclair stock opened at $88.56 on Friday. HF Sinclair has a twelve month low of $42.16 and a twelve month high of $88.74. The company has a quick ratio of 0.88, a current ratio of 1.79 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $15.96 billion, a P/E ratio of 13.32 and a beta of 0.72. The stock’s 50 day moving average is $71.79 and its 200 day moving average is $61.52.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to analyst estimates of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.During the same quarter in the previous year, the firm earned ($0.27) EPS. HF Sinclair’s quarterly revenue was up 11.8% compared to the same quarter last year. On average, equities research analysts predict that HF Sinclair will post 10.27 earnings per share for the current fiscal year.

Insider Activity at HF Sinclair

In other news, Director Rhoman J. Hardy purchased 1,508 shares of the stock in a transaction on Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Vivek Garg sold 717 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total transaction of $51,545.13. Following the completion of the sale, the chief financial officer directly owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. This trade represents a 5.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 13,736 shares of company stock worth $954,694 in the last 90 days. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of institutional investors and hedge funds have recently bought and sold shares of the business. V Square Quantitative Management LLC bought a new position in shares of HF Sinclair in the fourth quarter worth about $26,000. REAP Financial Group LLC purchased a new position in HF Sinclair in the 4th quarter worth approximately $29,000. Fairway Wealth LLC purchased a new position in HF Sinclair in the 1st quarter worth approximately $41,000. Nalls Sherbakoff Group LLC bought a new position in HF Sinclair in the 4th quarter worth approximately $36,000. Finally, Main Street Group LTD purchased a new stake in HF Sinclair during the 1st quarter valued at approximately $54,000. 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.