Wall Street Zen Downgrades HF Sinclair (NYSE:DINO) to Buy

HF Sinclair (NYSE:DINO) was downgraded by Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

Several other research firms have also commented on DINO. Morgan Stanley increased their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Wells Fargo & Company started coverage on shares of HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 price target for the company. Zacks Research cut HF Sinclair from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Barclays lifted their price objective on HF Sinclair from $45.00 to $54.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 1st. Finally, UBS Group increased their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $60.20.

HF Sinclair Stock Performance

Shares of NYSE DINO opened at $46.89 on Friday. The stock’s 50-day moving average is $50.99 and its 200 day moving average is $48.93. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 22.43 and a beta of 0.84. HF Sinclair has a 1-year low of $24.66 and a 1-year high of $56.58. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The business had revenue of $7.25 billion for the quarter, compared to analysts’ expectations of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.51 earnings per share. On average, sell-side analysts anticipate that HF Sinclair will post 2.39 EPS for the current fiscal year.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently bought and sold shares of the business. PFG Investments LLC bought a new stake in HF Sinclair in the 2nd quarter worth about $244,000. Campbell & CO Investment Adviser LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter valued at about $1,851,000. Charles Schwab Investment Management Inc. grew its stake in shares of HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after acquiring an additional 298,735 shares during the period. OMNI 360 Wealth Inc. bought a new stake in shares of HF Sinclair in the second quarter worth approximately $218,000. Finally, Callan Family Office LLC purchased a new position in shares of HF Sinclair during the second quarter valued at approximately $412,000. Hedge funds and other institutional investors 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.