HF Sinclair’s (DINO) “Neutral” Rating Reaffirmed at Mizuho

HF Sinclair (NYSE:DINO)‘s stock had its “neutral” rating reaffirmed by equities research analysts at Mizuho in a research note issued to investors on Wednesday, MarketBeat.com reports. They currently have a $79.00 price target on the stock, up from their previous price target of $67.00. Mizuho’s price objective would indicate a potential upside of 15.06% from the stock’s current price.

A number of other brokerages also recently commented on DINO. Barclays boosted their target price on shares of HF Sinclair from $61.00 to $71.00 and gave the stock an “equal weight” rating in a report on Monday, May 4th. Piper Sandler reduced their target price on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a report on Thursday, February 19th. TD Cowen boosted their target price on shares of HF Sinclair from $68.00 to $80.00 and gave the stock a “hold” rating in a report on Monday, May 4th. UBS Group boosted their target price on shares of HF Sinclair from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, May 5th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $81.00 target price on shares of HF Sinclair in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $70.82.

HF Sinclair Stock Performance

DINO stock opened at $68.66 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. The business has a 50-day moving average price of $63.66 and a 200 day moving average price of $55.93. The company has a market capitalization of $12.38 billion, a P/E ratio of 10.32 and a beta of 0.72. HF Sinclair has a 1-year low of $35.10 and a 1-year high of $74.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.75. The firm had revenue of $7.12 billion during the quarter, compared to the consensus estimate of $6.83 billion. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.27) earnings per share. As a group, equities research analysts forecast that HF Sinclair will post 8.9 EPS for the current fiscal year.

Insider Transactions at HF Sinclair

In other news, SVP Matthew Joyce sold 2,384 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the sale, the senior vice president owned 14,797 shares in the company, valued at approximately $1,031,794.81. The trade was a 13.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $71.89, for a total value of $51,545.13. Following the sale, the chief financial officer owned 11,475 shares in the company, valued at $824,937.75. The trade was a 5.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 13,101 shares of company stock worth $908,281. Insiders own 0.26% of the company’s stock.

Institutional Investors Weigh In On HF Sinclair

A number of large investors have recently modified their holdings of DINO. NFJ Investment Group LLC grew its stake in shares of HF Sinclair by 1,275.3% during the fourth quarter. NFJ Investment Group LLC now owns 1,873,541 shares of the company’s stock worth $86,333,000 after acquiring an additional 1,737,318 shares during the last quarter. Invesco Ltd. grew its stake in shares of HF Sinclair by 104.3% during the third quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after acquiring an additional 994,090 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of HF Sinclair by 101.3% during the fourth 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 during the last quarter. Merewether Investment Management LP purchased a new stake in HF Sinclair in the third quarter valued at approximately $35,717,000. Finally, First Trust Advisors LP boosted its position in HF Sinclair by 161.5% in the first quarter. First Trust Advisors LP now owns 1,037,059 shares of the company’s stock valued at $64,702,000 after buying an additional 640,455 shares during the last quarter. Hedge funds and other 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.