HF Sinclair (NYSE:DINO) Stock Rating Upgraded by Mizuho

HF Sinclair (NYSE:DINO) was upgraded by equities research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday,Finviz reports. The firm currently has a $47.00 target price on the stock. Mizuho’s price target indicates a potential upside of 32.99% from the company’s current price.

DINO has been the topic of several other reports. Wells Fargo & Company dropped their price objective on HF Sinclair from $44.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday, May 2nd. Piper Sandler cut their target price on HF Sinclair from $46.00 to $40.00 and set an “overweight” rating on the stock in a research report on Friday, May 2nd. Scotiabank dropped their price target on shares of HF Sinclair from $51.00 to $49.00 and set a “sector outperform” rating on the stock in a research note on Friday, April 11th. TD Cowen increased their price target on shares of HF Sinclair from $27.00 to $29.00 and gave the company a “hold” rating in a research report on Friday, May 2nd. Finally, Barclays increased their price objective on shares of HF Sinclair from $29.00 to $32.00 and gave the stock an “equal weight” rating in a report on Monday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $43.30.

HF Sinclair Stock Performance

NYSE:DINO opened at $35.34 on Tuesday. The company has a current ratio of 1.81, a quick ratio of 0.90 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $6.66 billion, a P/E ratio of 43.10 and a beta of 0.81. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $58.73. The stock has a 50-day moving average price of $31.02 and a 200 day moving average price of $35.35.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings results on Thursday, May 1st. The company reported ($0.27) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.14. HF Sinclair had a return on equity of 1.98% and a net margin of 0.62%. The firm had revenue of $6.37 billion for the quarter, compared to analyst estimates of $6.72 billion. During the same quarter last year, the firm posted $0.71 earnings per share. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. Equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

Insider Activity

In other HF Sinclair news, Director Franklin Myers purchased 5,000 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $35.66 per share, for a total transaction of $178,300.00. Following the completion of the transaction, the director now owns 154,065 shares in the company, valued at approximately $5,493,957.90. This represents a 3.35% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.34% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On HF Sinclair

Institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC lifted its stake in shares of HF Sinclair by 2.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 19,091 shares of the company’s stock valued at $669,000 after purchasing an additional 367 shares during the period. Matrix Trust Co boosted its holdings in HF Sinclair by 478.3% during the 4th quarter. Matrix Trust Co now owns 3,331 shares of the company’s stock valued at $117,000 after acquiring an additional 2,755 shares during the period. FNY Investment Advisers LLC bought a new position in shares of HF Sinclair during the 4th quarter worth $175,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of HF Sinclair by 1,001.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,705 shares of the company’s stock worth $165,000 after purchasing an additional 4,278 shares during the last quarter. Finally, Gateway Investment Advisers LLC purchased a new stake in shares of HF Sinclair during the fourth quarter worth about $222,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

HF Sinclair Corporation operates as an independent energy company. The company produces and markets gasoline, diesel fuel, jet fuel, renewable diesel, specialty lubricant products, specialty chemicals, specialty and modified asphalt, and others. It owns and operates refineries located in Kansas, Oklahoma, New Mexico, Utah, Washington, and Wyoming; and markets its refined products principally in the Southwest United States and Rocky Mountains, Pacific Northwest, and in other neighboring Plains states.