HF Sinclair (NYSE:DINO – Get Free Report) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.
DINO has been the topic of several other reports. Mizuho boosted their price target on shares of HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. UBS Group boosted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Morgan Stanley increased their target price on shares of HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, June 12th. Freedom Capital lowered shares of HF Sinclair from a “hold” rating to a “strong sell” rating in a research report on Tuesday, July 28th. Finally, TD Cowen upped their price target on HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a report on Tuesday, July 21st. Two research analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $81.25.
Check Out Our Latest Research Report on DINO
HF Sinclair Stock Performance
HF Sinclair (NYSE:DINO – Get Free Report) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 EPS for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The company had revenue of $10.39 billion for the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a return on equity of 18.21% and a net margin of 6.13%.The company’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.10 EPS. Research analysts forecast that HF Sinclair will post 11.85 EPS for the current fiscal year.
Insider Activity
In other HF Sinclair news, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the sale, the senior vice president directly owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the firm’s stock in a transaction dated 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 transaction, the chief financial officer owned 11,475 shares of the company’s stock, valued at approximately $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 22,672 shares of company stock worth $1,710,500. 0.26% of the stock is owned by company insiders.
Hedge Funds Weigh In On HF Sinclair
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of HF Sinclair in the 2nd quarter valued at about $1,291,602,000. Vanguard Group Inc. boosted its holdings in shares of HF Sinclair by 2.7% during the fourth 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 during the period. Dimensional Fund Advisors LP grew its position in HF Sinclair by 1.1% during the first quarter. Dimensional Fund Advisors LP now owns 9,249,939 shares of the company’s stock valued at $577,114,000 after purchasing an additional 103,135 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in HF Sinclair by 0.8% during 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. Finally, State Street Corp increased its stake in HF Sinclair by 0.4% in the 4th quarter. State Street Corp now owns 6,142,078 shares of the company’s stock valued at $283,027,000 after buying an additional 22,150 shares during the period. Institutional investors and hedge funds own 88.29% of the company’s stock.
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.
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