HF Sinclair (NYSE:DINO) Upgraded at Zacks Research

Key Points

• Zacks Research upgraded HF Sinclair from “hold” to “strong buy,” while broader analyst sentiment remains “Moderate Buy” with an average price target of $81.25.
• HF Sinclair reported quarterly EPS of $5.31, beating estimates of $4.49, while revenue rose 53.2% year over year to $10.39 billion.
• Shares opened at $85.57, up substantially from the 52-week low of $43.32 but below the high of $94.22; institutional investors own 88.29% of the stock, while insiders have been net sellers over the past 90 days.

HF Sinclair (NYSE:DINO - Get Free Report) was upgraded by investment analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Freedom Capital downgraded shares of HF Sinclair from a "hold" rating to a "strong sell" rating in a research note on Tuesday, July 28th. Mizuho lifted their target price on HF Sinclair from $79.00 to $85.00 and gave the stock a "neutral" rating in a research report on Tuesday, August 4th. Wall Street Zen raised HF Sinclair from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. UBS Group upped their target price on HF Sinclair from $65.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, May 5th. Finally, Barclays raised their price target on HF Sinclair from $81.00 to $86.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, HF Sinclair has a consensus rating of "Moderate Buy" and an average target price of $81.25.

HF Sinclair Stock Performance

Shares of HF Sinclair stock opened at $85.57 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.97 and a debt-to-equity ratio of 0.27. HF Sinclair has a 52 week low of $43.32 and a 52 week high of $94.22. The firm's 50 day moving average is $77.92 and its two-hundred day moving average is $66.37. The firm has a market capitalization of $15.21 billion, a P/E ratio of 8.17 and a beta of 0.70.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. The business had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. HF Sinclair had a net margin of 6.13% and a return on equity of 18.21%. The company's revenue was up 53.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.10 EPS. Research analysts forecast that HF Sinclair will post 11.85 EPS for the current fiscal year.

Insider Activity

In related news, Director Rhoman J. Hardy purchased 1,508 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were purchased at an average price of $66.32 per share, with a total value of $100,010.56. Following the completion of the acquisition, the director directly owned 15,037 shares in the company, valued at $997,253.84. This represents a 11.15% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Dale Kunneman sold 8,936 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $84.58, for a total value of $755,806.88. Following the sale, the senior vice president directly owned 42,561 shares of the company's stock, valued at approximately $3,599,809.38. This represents a 17.35% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 22,672 shares of company stock valued at $1,710,500. Insiders own 0.26% of the company's stock.

Hedge Funds Weigh In On HF Sinclair

A number of hedge funds and other institutional investors have recently bought and sold shares of DINO. Virtus Investment Advisers LLC lifted its position in HF Sinclair by 5.9% in the 4th quarter. Virtus Investment Advisers LLC now owns 3,489 shares of the company's stock valued at $161,000 after purchasing an additional 195 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of HF Sinclair by 3.8% during the fourth quarter. D.A. Davidson & CO. now owns 5,791 shares of the company's stock valued at $267,000 after buying an additional 210 shares during the last quarter. Parallel Advisors LLC boosted its position in shares of HF Sinclair by 4.9% during the fourth quarter. Parallel Advisors LLC now owns 4,769 shares of the company's stock worth $220,000 after buying an additional 221 shares during the period. Blue Trust Inc. grew its holdings in HF Sinclair by 4.7% in the 1st quarter. Blue Trust Inc. now owns 5,109 shares of the company's stock worth $319,000 after buying an additional 228 shares in the last quarter. Finally, Unison Advisors LLC increased its position in HF Sinclair by 1.0% in the 1st quarter. Unison Advisors LLC now owns 23,549 shares of the company's stock valued at $1,469,000 after acquiring an additional 234 shares during the period. 88.29% of the stock is currently 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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