HF Sinclair (NYSE:DINO) Downgraded by Wall Street Zen to “Buy”

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

DINO has been the topic of several other reports. Mizuho boosted their price target on HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a research note on Friday, December 12th. Wells Fargo & Company assumed coverage on shares of HF Sinclair in a research note on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price objective for the company. UBS Group boosted their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Morgan Stanley increased their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Finally, Piper Sandler lifted their price target on shares of HF Sinclair from $59.00 to $64.00 and gave the company a “neutral” rating in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.20.

HF Sinclair Stock Performance

Shares of DINO opened at $46.89 on Friday. The company has a current ratio of 1.91, a quick ratio of 0.97 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $8.62 billion, a P/E ratio of 22.43 and a beta of 0.84. The firm’s fifty day simple moving average is $50.99 and its two-hundred day simple moving average is $48.83. HF Sinclair has a 12 month low of $24.66 and a 12 month high of $56.58.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data 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 firm had revenue of $7.25 billion during the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The business’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the company posted $0.51 EPS. As a group, analysts predict that HF Sinclair will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. AIA Group Ltd grew its holdings in HF Sinclair by 10.7% during the third quarter. AIA Group Ltd now owns 12,990 shares of the company’s stock worth $680,000 after buying an additional 1,253 shares in the last quarter. Mirabella Financial Services LLP bought a new stake in shares of HF Sinclair in the 3rd quarter worth $505,000. Allworth Financial LP grew its stake in shares of HF Sinclair by 10.2% in the 3rd quarter. Allworth Financial LP now owns 3,477 shares of the company’s stock worth $182,000 after acquiring an additional 322 shares in the last quarter. IFP Advisors Inc boosted its holdings in HF Sinclair by 24.3% during the third quarter. IFP Advisors Inc now owns 2,106 shares of the company’s stock worth $110,000 after purchasing an additional 412 shares during the last quarter. Finally, Cambria Investment Management L.P. bought a new stake in HF Sinclair in the 3rd quarter worth about $9,073,000. 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.