Wall Street Zen Downgrades HF Sinclair (NYSE:DINO) to Buy

HF Sinclair (NYSE:DINO) was downgraded by investment analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

Other analysts also recently issued reports about the company. Raymond James Financial restated a “strong-buy” rating and issued a $65.00 price target (up from $60.00) on shares of HF Sinclair in a research note on Friday, October 17th. UBS Group boosted their target price on shares of HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Morgan Stanley raised their price target on shares of HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research report on Friday, October 3rd. Mizuho boosted their price objective on shares of HF Sinclair from $62.00 to $63.00 and gave the company an “outperform” rating in a report on Friday, December 12th. Finally, Scotiabank restated an “outperform” rating and set a $62.00 target price on shares of HF Sinclair in a research report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $59.80.

HF Sinclair Stock Performance

Shares of DINO stock opened at $48.15 on Monday. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 23.04 and a beta of 0.84. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. HF Sinclair has a 52 week low of $24.66 and a 52 week high of $56.58. The company has a 50-day simple moving average of $49.93 and a 200 day simple moving average of $49.55.

HF Sinclair (NYSE:DINO) last issued its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.50. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the business posted $0.51 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, sell-side analysts predict that HF Sinclair will post 2.39 earnings per share for the current year.

Hedge Funds Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently modified their holdings of the business. Quent Capital LLC acquired a new stake in HF Sinclair in the third quarter valued at about $28,000. Kiker Wealth Management LLC acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at approximately $32,000. Johnson Financial Group Inc. acquired a new stake in shares of HF Sinclair in the 2nd quarter valued at approximately $33,000. West Oak Capital LLC bought a new position in HF Sinclair in the 2nd quarter valued at approximately $38,000. Finally, State of Wyoming acquired a new stake in HF Sinclair in the second quarter valued at approximately $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.