HF Sinclair (NYSE:DINO) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• HF Sinclair has been upgraded from a "buy" to a "strong-buy" rating by investment analysts at Wall Street Zen, indicating strong potential for the company's stock performance.
• The consensus target price for HF Sinclair shares is now $58.36, with varied ratings from analysts, including two "Strong Buy," five "Buy," and six "Hold" ratings.
• The company's recent quarterly performance showed earnings of $1.70 per share, outperforming expectations, despite a 13.5% decline in revenue compared to the previous year.

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

Several other analysts have also recently issued reports on DINO. Scotiabank reiterated an "outperform" rating on shares of HF Sinclair in a research note on Thursday, October 9th. Weiss Ratings reiterated a "hold (c-)" rating on shares of HF Sinclair in a research note on Friday. Morgan Stanley raised their price target on HF Sinclair from $50.00 to $60.00 and gave the company an "overweight" rating in a research note on Friday, October 3rd. 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. Finally, Barclays raised their price target on HF Sinclair from $45.00 to $54.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and a consensus target price of $58.36.

HF Sinclair Stock Down 0.6%

Shares of NYSE DINO opened at $54.52 on Friday. The stock has a market cap of $10.20 billion, a P/E ratio of -118.53 and a beta of 1.00. The company has a current ratio of 1.82, a quick ratio of 0.83 and a debt-to-equity ratio of 0.29. HF Sinclair has a 12-month low of $24.66 and a 12-month high of $55.63. The business's fifty day simple moving average is $51.38 and its 200-day simple moving average is $42.67.

HF Sinclair (NYSE:DINO - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $6.78 billion for the quarter, compared to analysts' expectations of $6.93 billion. HF Sinclair had a positive return on equity of 1.89% and a negative net margin of 0.32%.The company's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period last year, the firm earned $0.78 earnings per share. As a group, equities analysts predict that HF Sinclair will post 2.39 EPS for the current fiscal year.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction dated Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the sale, the executive vice president owned 39,591 shares in the company, valued at approximately $1,683,805.23. The trade was a 21.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.34% of the company's stock.

Institutional Trading of HF Sinclair

Hedge funds and other institutional investors have recently made changes to their positions in the company. Pacific Heights Asset Management LLC increased its position in shares of HF Sinclair by 9.1% during the first quarter. Pacific Heights Asset Management LLC now owns 240,000 shares of the company's stock worth $7,891,000 after purchasing an additional 20,000 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of HF Sinclair by 72.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 51,230 shares of the company's stock worth $1,684,000 after purchasing an additional 21,597 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of HF Sinclair by 2.2% during the first quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company's stock worth $42,399,000 after purchasing an additional 27,764 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of HF Sinclair by 7.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 131,700 shares of the company's stock worth $4,354,000 after buying an additional 9,070 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of HF Sinclair by 152.4% during the first quarter. GAMMA Investing LLC now owns 4,467 shares of the company's stock worth $147,000 after buying an additional 2,697 shares during the last quarter. Institutional investors and hedge funds 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.

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