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

Key Points

• Wall Street Zen upgraded HF Sinclair from “buy” to “strong-buy,” adding to a wave of generally positive analyst commentary on the stock.
• Multiple firms recently raised price targets, and the overall analyst view is now “Moderate Buy” with a consensus target of $69.91; shares last traded at $72.38, near their 52-week high.
• HF Sinclair reported a strong quarter, posting $0.69 EPS versus an expected loss and $7.12 billion in revenue, both ahead of estimates, while revenue grew 11.8% year over year.

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

Several other analysts also recently issued reports on the company. Morgan Stanley set a $69.00 price target on HF Sinclair in a research note on Monday. Barclays upped their price target on HF Sinclair from $61.00 to $71.00 and gave the stock an "equal weight" rating in a research note on Monday. Argus upgraded HF Sinclair to a "hold" rating in a research note on Tuesday, February 24th. Mizuho upped their price target on HF Sinclair from $63.00 to $69.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 17th. Finally, TD Cowen upped their price target on HF Sinclair from $68.00 to $80.00 and gave the stock a "hold" rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $69.91.

HF Sinclair Stock Performance

Shares of DINO stock opened at $72.38 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.79 and a quick ratio of 0.90. HF Sinclair has a fifty-two week low of $33.96 and a fifty-two week high of $74.72. The stock's 50-day moving average is $59.43 and its two-hundred day moving average is $54.36. The firm has a market cap of $13.05 billion, a P/E ratio of 10.88 and a beta of 0.72.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Friday, May 1st. The company reported $0.69 earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.75. HF Sinclair had a return on equity of 11.94% and a net margin of 4.46%.The company had revenue of $7.12 billion for the quarter, compared to analyst estimates of $6.83 billion. During the same period in the prior year, the firm posted ($0.27) EPS. The business's revenue was up 11.8% compared to the same quarter last year. Analysts predict that HF Sinclair will post 8.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of HF Sinclair by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 16,830,649 shares of the company's stock worth $775,556,000 after buying an additional 446,867 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of HF Sinclair by 6.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,259,238 shares of the company's stock worth $484,631,000 after buying an additional 560,194 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of HF Sinclair by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,364,158 shares of the company's stock worth $293,260,000 after buying an additional 48,103 shares in the last quarter. State Street Corp raised its holdings in shares of HF Sinclair by 0.4% in the 4th quarter. State Street Corp now owns 6,142,078 shares of the company's stock worth $283,027,000 after buying an additional 22,150 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in shares of HF Sinclair by 13.7% in the 4th quarter. AQR Capital Management LLC now owns 4,359,370 shares of the company's stock worth $200,880,000 after buying an additional 523,709 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

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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