HF Sinclair (NYSE:DINO) Lowered to "Buy" Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded HF Sinclair (NYSE:DINO) from a "strong-buy" to a "buy" rating in its latest report.
• Analyst opinions are mixed—1 Strong Buy, 6 Buy, 7 Hold and 1 Sell—leaving an average rating of Hold and an average price target of $61 as the stock trades around $57.58 (52‑week range $26.42–$64.70, P/E 18.76).
• HF Sinclair beat Q4 expectations with EPS of $1.20 vs. $0.83 and revenue of $6.46B vs. $6.19B, and institutional investors own about 88.29% of the shares, with HSBC recently increasing its stake.

HF Sinclair (NYSE:DINO - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report released on Sunday.

A number of other equities research analysts have also recently commented on DINO. TD Cowen raised their target price on shares of HF Sinclair from $44.00 to $50.00 and gave the stock a "hold" rating in a research note on Thursday, February 19th. Piper Sandler reduced their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an "overweight" rating on the stock in a research report on Thursday, February 19th. Argus upgraded shares of HF Sinclair to a "hold" rating in a research report on Tuesday, February 24th. Raymond James Financial lifted their price objective on shares of HF Sinclair from $66.00 to $75.00 and gave the company a "strong-buy" rating in a research report on Wednesday, March 25th. Finally, Scotiabank upgraded shares of HF Sinclair to a "hold" rating in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $61.00.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $57.58 on Friday. HF Sinclair has a 52-week low of $26.42 and a 52-week high of $64.70. The stock has a market capitalization of $10.38 billion, a price-to-earnings ratio of 18.76 and a beta of 0.70. The company has a fifty day moving average of $56.96 and a 200-day moving average of $53.13. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.90 and a current ratio of 1.94.

HF Sinclair (NYSE:DINO - Get Free Report) last released its earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company had revenue of $6.46 billion for the quarter, compared to analysts' expectations of $6.19 billion. During the same quarter last year, the business earned ($1.02) EPS. The firm's revenue was down .6% compared to the same quarter last year. Equities research analysts expect that HF Sinclair will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Hsbc Holdings PLC boosted its stake in HF Sinclair by 227.0% during the fourth quarter. Hsbc Holdings PLC now owns 155,946 shares of the company's stock worth $7,176,000 after buying an additional 108,263 shares during the period. Rockefeller Capital Management L.P. boosted its stake in HF Sinclair by 375.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 7,890 shares of the company's stock worth $364,000 after buying an additional 6,230 shares during the period. World Investment Advisors purchased a new position in HF Sinclair during the fourth quarter worth $224,000. Nalls Sherbakoff Group LLC purchased a new position in HF Sinclair during the fourth quarter worth $36,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in HF Sinclair during the fourth quarter worth $77,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

HF Sinclair Company Profile

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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