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

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

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research note on Friday, March 27th. Mizuho boosted their target price on shares of HF Sinclair from $63.00 to $69.00 and gave the company an “outperform” rating in a research report on Tuesday, March 17th. Wells Fargo & Company upped their target price on shares of HF Sinclair from $58.00 to $67.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. Morgan Stanley set a $57.00 price target on shares of HF Sinclair in a research note on Thursday, February 19th. Finally, BMO Capital Markets cut their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a research report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $61.00.

HF Sinclair Stock Performance

DINO stock opened at $60.69 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.94 and a quick ratio of 0.90. HF Sinclair has a 1 year low of $24.66 and a 1 year high of $64.70. The company has a market cap of $10.94 billion, a P/E ratio of 19.77 and a beta of 0.70. The stock’s fifty day moving average price is $56.14 and its 200-day moving average price is $52.91.

HF Sinclair (NYSE:DINO) last posted its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.HF Sinclair’s revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned ($1.02) earnings per share. On average, equities analysts forecast that HF Sinclair will post 2.39 earnings per share for the current year.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. V Square Quantitative Management LLC bought a new stake in HF Sinclair in the 4th quarter valued at $26,000. Quent Capital LLC bought a new position in shares of HF Sinclair during the 3rd quarter valued at about $28,000. REAP Financial Group LLC purchased a new position in shares of HF Sinclair during the fourth quarter valued at about $29,000. Nalls Sherbakoff Group LLC bought a new stake in shares of HF Sinclair in the fourth quarter worth about $36,000. Finally, State of Wyoming bought a new stake in shares of HF Sinclair in the second quarter worth about $41,000. Institutional investors own 88.29% of the company’s stock.

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.