HF Sinclair (NYSE:DINO) Rating Lowered to Buy at Wall Street Zen

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

Other equities research analysts have also issued reports about the stock. Morgan Stanley boosted their price objective 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. Zacks Research raised shares of HF Sinclair from a “hold” rating to a “strong-buy” rating in a report on Friday, October 3rd. Scotiabank reiterated an “outperform” rating on shares of HF Sinclair in a research note on Thursday, October 9th. Raymond James Financial reiterated a “strong-buy” rating and set a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a research note on Friday, October 17th. Finally, The Goldman Sachs Group lifted their price objective on HF Sinclair from $54.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, September 18th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $58.36.

HF Sinclair Price Performance

Shares of DINO opened at $51.61 on Friday. The firm has a market capitalization of $9.65 billion, a PE ratio of -112.18 and a beta of 1.00. 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 $55.63. The company’s fifty day moving average price is $52.07 and its 200-day moving average price is $43.77.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 negative net margin of 0.32% and a positive return on equity of 1.89%. The business’s quarterly revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share. On average, equities research analysts predict that HF Sinclair will post 2.39 EPS for the current year.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds have recently modified their holdings of DINO. AQR Capital Management LLC raised its position in shares of HF Sinclair by 109.8% during the 1st quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company’s stock worth $163,951,000 after purchasing an additional 2,609,857 shares during the last quarter. Encompass Capital Advisors LLC acquired a new stake in HF Sinclair in the 2nd quarter worth about $70,437,000. Price T Rowe Associates Inc. MD boosted its holdings in HF Sinclair by 1,633.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company’s stock worth $55,730,000 after buying an additional 1,597,152 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in HF Sinclair by 19.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company’s stock worth $269,142,000 after buying an additional 1,337,093 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in HF Sinclair by 207.5% in the 1st quarter. Millennium Management LLC now owns 1,970,006 shares of the company’s stock worth $64,774,000 after buying an additional 1,329,408 shares during the last quarter. 88.29% of the stock is owned by hedge funds and other institutional investors.

About HF Sinclair

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.