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

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

A number of other brokerages also recently commented on DINO. Morgan Stanley increased their price objective on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 3rd. Wells Fargo & Company began coverage on HF Sinclair in a report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 target price on the stock. Piper Sandler upgraded HF Sinclair from a “neutral” rating to an “overweight” rating and raised their price target for the company from $64.00 to $68.00 in a research note on Thursday. Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective (up from $60.00) on shares of HF Sinclair in a research report on Friday, October 17th. Finally, Mizuho raised their target price on HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research report on Friday, December 12th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, HF Sinclair has a consensus rating of “Moderate Buy” and an average target price of $60.60.

HF Sinclair Trading Down 1.5%

DINO opened at $49.56 on Friday. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $56.58. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The business has a fifty day simple moving average of $50.53 and a 200-day simple moving average of $49.27. The firm has a market cap of $9.12 billion, a P/E ratio of 23.71 and a beta of 0.84.

HF Sinclair (NYSE:DINO) last posted its earnings results on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. The firm had revenue of $7.25 billion for 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%.HF Sinclair’s revenue was up .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. On average, equities analysts expect that HF Sinclair will post 2.39 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DINO. Quent Capital LLC purchased a new position in shares of HF Sinclair during the 3rd quarter worth approximately $28,000. Kiker Wealth Management LLC acquired a new position in HF Sinclair during the second quarter worth $32,000. Johnson Financial Group Inc. purchased a new position in HF Sinclair in the second quarter worth $33,000. West Oak Capital LLC acquired a new stake in HF Sinclair in the second quarter valued at $38,000. Finally, State of Wyoming purchased a new stake in shares of HF Sinclair during the 2nd quarter worth $41,000. 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.