HF Sinclair (NYSE:DINO) Upgraded at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of HF Sinclair (NYSE:DINO – Free Report) from a buy rating to a strong-buy rating in a research report report published on Sunday morning.

DINO has been the subject of a number of other research reports. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. Wells Fargo & Company initiated coverage on shares of HF Sinclair in a report on Friday, October 17th. They issued an “equal weight” rating and a $58.00 price target for the company. The Goldman Sachs Group raised their price objective on HF Sinclair from $54.00 to $61.00 and gave the stock a “buy” rating in a research note on Thursday, September 18th. UBS Group boosted their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Finally, Piper Sandler raised HF Sinclair from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $64.00 to $68.00 in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, HF Sinclair presently has an average rating of “Moderate Buy” and a consensus target price of $60.30.

Get Our Latest Stock Analysis on DINO

HF Sinclair Stock Performance

DINO stock opened at $49.47 on Friday. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $56.58. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. The company has a market cap of $9.10 billion, a P/E ratio of 23.67 and a beta of 0.84. The business’s fifty day moving average is $50.45 and its 200-day moving average is $49.33.

HF Sinclair (NYSE:DINO – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The business had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up .6% on a year-over-year basis. Equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Shareholders of record on Wednesday, November 19th were paid a $0.50 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 annualized dividend and a yield of 4.0%. HF Sinclair’s payout ratio is presently 95.69%.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently made changes to their positions in DINO. Encompass Capital Advisors LLC acquired a new position in HF Sinclair during the second quarter worth $70,437,000. Invesco Ltd. lifted its position in HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after buying an additional 994,090 shares in the last quarter. Engineers Gate Manager LP boosted its stake in shares of HF Sinclair by 1,068.6% during the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock worth $32,314,000 after buying an additional 719,292 shares during the last quarter. Merewether Investment Management LP bought a new position in shares of HF Sinclair in the 3rd quarter valued at about $35,717,000. Finally, Norges Bank acquired a new stake in shares of HF Sinclair in the second quarter valued at about $25,531,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

HF Sinclair Company Profile

(Get Free Report)

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.

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