HF Sinclair Corporation (NYSE:DINO) Given Average Rating of “Moderate Buy” by Brokerages

Shares of HF Sinclair Corporation (NYSE:DINO) have been assigned an average rating of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $59.90.

DINO has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research report on Monday, December 29th. Raymond James Financial restated a “strong-buy” rating and issued a $65.00 price objective (up previously from $60.00) on shares of HF Sinclair in a report on Friday, October 17th. Mizuho upped their target price on shares of HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Wall Street Zen cut shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. Finally, Barclays cut their price objective on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 13th.

Hedge Funds Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently made changes to their positions in DINO. Encompass Capital Advisors LLC purchased a new stake in shares of HF Sinclair during the 2nd quarter worth $70,437,000. Invesco Ltd. increased its holdings in shares of HF Sinclair by 104.3% in the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock valued at $101,910,000 after acquiring an additional 994,090 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of HF Sinclair by 101.3% during the 4th quarter. Victory Capital Management Inc. now owns 1,794,964 shares of the company’s stock worth $82,712,000 after acquiring an additional 903,177 shares in the last quarter. Engineers Gate Manager LP lifted its stake in HF Sinclair by 1,068.6% during the second quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock worth $32,314,000 after purchasing an additional 719,292 shares during the last quarter. Finally, Merewether Investment Management LP acquired a new position in HF Sinclair in the third quarter valued at approximately $35,717,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair Stock Performance

NYSE:DINO opened at $58.55 on Friday. The stock has a market capitalization of $10.77 billion, a P/E ratio of 28.02 and a beta of 0.87. 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 fifty-two week low of $24.66 and a fifty-two week high of $59.33. The company has a 50 day moving average price of $50.27 and a 200 day moving average price of $50.67.

About HF Sinclair

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.