HF Sinclair (NYSE:DINO) Stock Rating Upgraded by Wall Street Zen

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

DINO has been the subject of a number of other reports. Morgan Stanley lifted their price target on HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 3rd. Scotiabank reaffirmed an “outperform” rating on shares of HF Sinclair in a research note on Thursday, October 9th. Wells Fargo & Company assumed coverage on shares of HF Sinclair in a research report on Friday, October 17th. They set an “equal weight” rating and a $58.00 target price on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of HF Sinclair in a report on Monday, December 29th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating and set a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a report on Friday, October 17th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $60.60.

HF Sinclair Price Performance

NYSE DINO opened at $50.30 on Friday. The stock has a market capitalization of $9.25 billion, a P/E ratio of 24.07 and a beta of 0.84. The business’s fifty day moving average is $50.61 and its two-hundred day moving average is $49.16. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $56.58.

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

Hedge Funds Weigh In On HF Sinclair

A number of large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its stake in shares of HF Sinclair by 3,173.2% during the 4th quarter. SG Americas Securities LLC now owns 172,532 shares of the company’s stock worth $7,950,000 after buying an additional 167,261 shares during the last quarter. Assenagon Asset Management S.A. raised its holdings in HF Sinclair by 43.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 662,322 shares of the company’s stock worth $30,520,000 after acquiring an additional 199,709 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in HF Sinclair by 5.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 102,128 shares of the company’s stock valued at $4,906,000 after purchasing an additional 5,120 shares during the last quarter. NorthCrest Asset Manangement LLC grew its stake in HF Sinclair by 12.0% in the fourth quarter. NorthCrest Asset Manangement LLC now owns 10,922 shares of the company’s stock valued at $538,000 after purchasing an additional 1,172 shares in the last quarter. Finally, AIA Group Ltd increased its position in shares of HF Sinclair by 10.7% during the 3rd quarter. AIA Group Ltd now owns 12,990 shares of the company’s stock worth $680,000 after purchasing an additional 1,253 shares during the last quarter. 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.