HF Sinclair (NYSE:DINO) Lowered to “Hold” Rating by Zacks Research

HF Sinclair (NYSE:DINO) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the company. Barclays lifted their target price on HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research report on Monday. Weiss Ratings restated a “hold (c-)” rating on shares of HF Sinclair in a report on Wednesday, October 8th. The Goldman Sachs Group lifted their price objective on shares of HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, September 18th. Finally, Morgan Stanley raised their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $58.73.

HF Sinclair Stock Performance

DINO stock opened at $54.99 on Monday. The company has a market cap of $10.11 billion, a P/E ratio of -119.53 and a beta of 0.99. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.82 and a quick ratio of 0.83. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $56.24. The stock’s fifty day moving average price is $52.58 and its 200-day moving average price is $45.08.

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

Hedge Funds Weigh In On HF Sinclair

Hedge funds have recently bought and sold shares of the company. Quent Capital LLC purchased a new stake in shares of HF Sinclair during the third quarter worth $28,000. Kiker Wealth Management LLC purchased a new stake in HF Sinclair during the second quarter worth approximately $32,000. Johnson Financial Group Inc. acquired a new position in shares of HF Sinclair in the 2nd quarter valued at $33,000. West Oak Capital LLC acquired a new position in HF Sinclair in the second quarter valued at $38,000. Finally, Allworth Financial LP grew its stake in HF Sinclair by 553.9% during the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company’s stock worth $41,000 after buying an additional 1,130 shares during the last quarter. Institutional investors and hedge funds own 88.29% of the company’s stock.

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.