Zacks Research Upgrades HF Sinclair (NYSE:DINO) to Strong-Buy

HF Sinclair (NYSE:DINO) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts have also recently weighed in on the stock. The Goldman Sachs Group reaffirmed a “buy” rating and set a $114.00 target price on shares of HF Sinclair in a research note on Wednesday, July 29th. Freedom Capital cut HF Sinclair from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 28th. Wall Street Zen raised HF Sinclair from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Morgan Stanley raised their price objective on HF Sinclair from $69.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, June 12th. Finally, Mizuho boosted their price objective on HF Sinclair from $79.00 to $85.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 4th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, HF Sinclair currently has a consensus rating of “Moderate Buy” and an average price target of $81.25.

HF Sinclair Trading Up 0.4%

DINO opened at $85.57 on Monday. The company’s 50 day moving average is $77.92 and its 200-day moving average is $66.37. HF Sinclair has a 1-year low of $43.32 and a 1-year high of $94.22. The company has a current ratio of 1.97, a quick ratio of 1.10 and a debt-to-equity ratio of 0.27. The company has a market cap of $15.21 billion, a P/E ratio of 8.17 and a beta of 0.70.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to analysts’ expectations of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The firm’s quarterly revenue was up 53.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. Equities research analysts predict that HF Sinclair will post 11.85 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Matthew Joyce sold 2,384 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $69.73, for a total transaction of $166,236.32. Following the completion of the transaction, the senior vice president owned 14,797 shares of the company’s stock, valued at approximately $1,031,794.81. This trade represents a 13.88% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Rhoman J. Hardy purchased 1,508 shares of the business’s stock in a transaction dated Tuesday, June 16th. The shares were acquired at an average price of $66.32 per share, for a total transaction of $100,010.56. Following the acquisition, the director owned 15,037 shares of the company’s stock, valued at $997,253.84. This trade represents a 11.15% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 22,672 shares of company stock valued at $1,710,500. 0.26% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ieq Capital LLC bought a new stake in shares of HF Sinclair in the 2nd quarter valued at about $19,738,000. Callan Family Office LLC bought a new position in shares of HF Sinclair during the second quarter worth about $843,000. Allworth Financial LP acquired a new position in shares of HF Sinclair in the second quarter worth approximately $359,000. B. Metzler seel. Sohn & Co. AG acquired a new position in shares of HF Sinclair in the second quarter worth approximately $1,422,000. Finally, NFJ Investment Group LLC bought a new stake in HF Sinclair in the second quarter valued at approximately $97,422,000. 88.29% of the stock is owned by institutional investors and hedge funds.

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.