HF Sinclair (NYSE:DINO) Stock Price Expected to Rise, Mizuho Analyst Says

HF Sinclair (NYSE:DINO) had its price target boosted by Mizuho from $60.00 to $62.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Mizuho’s price objective points to a potential upside of 13.30% from the company’s current price.

A number of other research analysts have also recently weighed in on DINO. Wall Street Zen cut shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research note on Sunday, November 2nd. Zacks Research upgraded HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Morgan Stanley raised their price target on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Wolfe Research downgraded HF Sinclair from a “peer perform” rating to an “underperform” rating in a research report on Monday, July 14th. Finally, Piper Sandler lifted their target price on HF Sinclair from $51.00 to $59.00 and gave the company a “neutral” rating in a report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, HF Sinclair presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.73.

HF Sinclair Trading Up 2.0%

NYSE:DINO opened at $54.72 on Thursday. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $55.63. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29. The stock has a fifty day simple moving average of $52.44 and a 200-day simple moving average of $44.53. The company has a market capitalization of $10.07 billion, a PE ratio of -118.96 and a beta of 0.99.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the prior year, the company earned $0.51 EPS. The firm’s revenue was up .6% on a year-over-year basis. On average, equities research analysts expect that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Institutional Investors Weigh In On HF Sinclair

Hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after acquiring an additional 1,337,093 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of HF Sinclair by 5.0% during the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock valued at $255,764,000 after purchasing an additional 298,735 shares during the period. AQR Capital Management LLC lifted its position in shares of HF Sinclair by 109.8% during the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after purchasing an additional 2,609,857 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of HF Sinclair by 1.0% in the second quarter. Geode Capital Management LLC now owns 2,895,333 shares of the company’s stock valued at $118,969,000 after purchasing an additional 27,548 shares during the period. Finally, Fuller & Thaler Asset Management Inc. boosted its stake in shares of HF Sinclair by 1.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 2,543,741 shares of the company’s stock valued at $83,638,000 after purchasing an additional 36,592 shares during the period. 88.29% of the stock is currently owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

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.