TheStreet Upgrades HF Sinclair (NYSE:DINO) to B

HF Sinclair (NYSE:DINOGet Rating) was upgraded by research analysts at TheStreet from a “c+” rating to a “b” rating in a note issued to investors on Friday, TheStreetRatingsTable reports.

A number of other research analysts also recently issued reports on DINO. Zacks Investment Research raised HF Sinclair from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Thursday, May 12th. The Goldman Sachs Group raised HF Sinclair from a “neutral” rating to a “buy” rating and boosted their target price for the company from $46.00 to $56.00 in a research report on Monday, May 16th. JPMorgan Chase & Co. boosted their target price on HF Sinclair from $48.00 to $52.00 in a research report on Tuesday, May 17th. Morgan Stanley boosted their target price on HF Sinclair from $44.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, April 18th. Finally, Cowen raised HF Sinclair from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 11th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $53.43.

Shares of DINO opened at $46.89 on Friday. HF Sinclair has a 52-week low of $27.17 and a 52-week high of $48.29. The firm has a fifty day simple moving average of $40.17. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.81 and a current ratio of 1.73. The company has a market cap of $10.47 billion, a price-to-earnings ratio of 13.79 and a beta of 1.57.

HF Sinclair (NYSE:DINOGet Rating) last announced its earnings results on Wednesday, February 23rd. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.09). The company had revenue of $5.62 billion for the quarter, compared to analyst estimates of $4.25 billion. HF Sinclair had a return on equity of 7.42% and a net margin of 2.55%. On average, equities analysts expect that HF Sinclair will post 7.19 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in shares of HF Sinclair during the first quarter worth $566,029,000. BlackRock Inc. bought a new position in HF Sinclair in the 1st quarter worth about $539,533,000. TCTC Holdings LLC purchased a new stake in shares of HF Sinclair in the 1st quarter valued at about $495,719,000. State Street Corp bought a new stake in shares of HF Sinclair during the 1st quarter valued at about $308,240,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of HF Sinclair during the first quarter worth about $274,214,000. Hedge funds and other institutional investors own 88.24% of the company’s stock.

About HF Sinclair (Get Rating)

HF Sinclair Corporation operates as an independent energy company. It produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. The company also 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.

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