Evercore Begins Coverage on HF Sinclair (NYSE:DINO)

Equities researchers at Evercore began coverage on shares of HF Sinclair (NYSE:DINO) in a research note issued on Friday. The brokerage set an “in-line” rating and a $85.00 price target on the stock. Evercore’s price objective would suggest a potential downside of 2.06% from the stock’s previous close.

DINO has been the topic of a number of other research reports. TD Cowen cut their price target on shares of HF Sinclair from $80.00 to $79.00 and set a “hold” rating on the stock in a research report on Monday, June 29th. Scotiabank lifted their price objective on HF Sinclair from $53.00 to $54.00 and gave the stock a “sector perform” rating in a research report on Wednesday, April 22nd. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings upgraded HF Sinclair from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, May 6th. Finally, Morgan Stanley raised their target price on HF Sinclair from $69.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, HF Sinclair presently has a consensus rating of “Moderate Buy” and an average target price of $75.17.

HF Sinclair Stock Performance

Shares of DINO stock opened at $86.79 on Friday. The stock has a market capitalization of $15.65 billion, a PE ratio of 13.05 and a beta of 0.72. The business’s 50 day simple moving average is $71.46 and its 200 day simple moving average is $61.33. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.88. HF Sinclair has a one year low of $42.16 and a one year high of $87.28.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings results on Friday, May 1st. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.75. HF Sinclair had a net margin of 4.46% and a return on equity of 11.94%. The firm had revenue of $7.12 billion for the quarter, compared to the consensus estimate of $6.83 billion. During the same quarter in the previous year, the company earned ($0.27) EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. As a group, research analysts forecast that HF Sinclair will post 10.27 earnings per share for the current year.

Insider Activity at HF Sinclair

In other news, Director Rhoman J. Hardy purchased 1,508 shares of the company’s stock in a transaction that occurred on Tuesday, June 16th. The shares were acquired at an average cost of $66.32 per share, with a total value of $100,010.56. Following the purchase, the director owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Manuel J. Fernandez sold 635 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $73.09, for a total value of $46,412.15. Following the completion of the transaction, the director owned 16,543 shares in the company, valued at approximately $1,209,127.87. The trade was a 3.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 13,736 shares of company stock worth $954,694. 0.26% of the stock is currently owned by insiders.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently modified their holdings of DINO. V Square Quantitative Management LLC acquired a new position in shares of HF Sinclair during the fourth quarter worth approximately $26,000. REAP Financial Group LLC acquired a new stake in HF Sinclair in the 4th quarter valued at $29,000. Fairway Wealth LLC acquired a new stake in HF Sinclair in the 1st quarter valued at $41,000. Nalls Sherbakoff Group LLC bought a new stake in HF Sinclair during the 4th quarter valued at $36,000. Finally, Main Street Group LTD bought a new stake in HF Sinclair during the 1st quarter valued at $54,000. 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.