HF Sinclair (NYSE:DINO) Rating Increased to Hold at Wells Fargo & Company

Key Points

• HF Sinclair's stock rating was upgraded to Hold by Wells Fargo & Company, reflecting a cautious outlook from analysts.
• Analysts have mixed views on HF Sinclair, with two issuing a Strong Buy rating, and a consensus price target of $58.36.
• After reporting quarterly earnings, HF Sinclair showed a year-over-year revenue decline of 13.5%, despite surpassing earnings expectations with an EPS of $1.70.

HF Sinclair (NYSE:DINO - Get Free Report) was upgraded by equities research analysts at Wells Fargo & Company to a "hold" rating in a report released on Thursday,Zacks.com reports.

DINO has been the subject of several other reports. 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 report on Friday. Mizuho increased their price objective on shares of HF Sinclair from $52.00 to $60.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Wolfe Research cut shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a research report on Monday, July 14th. UBS Group increased their price objective on shares of HF Sinclair from $58.00 to $63.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Finally, Piper Sandler increased their price objective on shares of HF Sinclair from $51.00 to $59.00 and gave the stock a "neutral" rating in a research report on Thursday, September 11th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $58.36.

HF Sinclair Trading Up 2.4%

Shares of NYSE DINO opened at $51.83 on Thursday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $54.73. The firm has a 50 day moving average price of $50.50 and a two-hundred day moving average price of $41.82. The stock has a market cap of $9.70 billion, a P/E ratio of -112.67 and a beta of 1.00.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.61. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same period in the prior year, the company posted $0.78 EPS. The company's revenue was down 13.5% on a year-over-year basis. As a group, equities analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

Insider Buying and Selling

In other HF Sinclair news, EVP Valerie Pompa sold 11,000 shares of the firm's stock in a transaction on Friday, August 1st. The shares were sold at an average price of $42.53, for a total value of $467,830.00. Following the completion of the sale, the executive vice president directly owned 39,591 shares in the company, valued at approximately $1,683,805.23. This trade represents a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DINO. AQR Capital Management LLC lifted its stake in shares of HF Sinclair by 109.8% in the first quarter. AQR Capital Management LLC now owns 4,986,355 shares of the company's stock valued at $163,951,000 after buying an additional 2,609,857 shares in the last quarter. Encompass Capital Advisors LLC bought a new position in shares of HF Sinclair in the second quarter valued at $70,437,000. Price T Rowe Associates Inc. MD lifted its stake in shares of HF Sinclair by 1,633.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,694,918 shares of the company's stock valued at $55,730,000 after buying an additional 1,597,152 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of HF Sinclair by 19.5% in the first quarter. Dimensional Fund Advisors LP now owns 8,185,509 shares of the company's stock valued at $269,142,000 after buying an additional 1,337,093 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of HF Sinclair by 207.5% during the first quarter. Millennium Management LLC now owns 1,970,006 shares of the company's stock valued at $64,774,000 after purchasing an additional 1,329,408 shares in the last quarter. 88.29% of the stock is owned by institutional investors.

About HF Sinclair

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.

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