HF Sinclair (NYSE:DINO) Upgraded by Wall Street Zen to Strong-Buy Rating

Key Points

• Wall Street Zen upgraded HF Sinclair (NYSE: DINO) from a "buy" to a strong-buy rating in a report issued Saturday.
• Despite that upgrade, the analyst consensus remains a Hold with an average price target of $61 and a mixed breakdown of 1 Strong Buy, 6 Buy, 7 Hold and 1 Sell.
• HF Sinclair posted a quarterly EPS of $1.20, beating estimates of $0.83 with revenue of $6.46 billion, and analysts project about $2.39 EPS for the current fiscal year.

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

DINO has been the topic of several other reports. Scotiabank upgraded shares of HF Sinclair to a "hold" rating in a report on Friday, March 27th. Morgan Stanley set a $57.00 price target on HF Sinclair in a research note on Thursday, February 19th. Piper Sandler cut 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. Weiss Ratings reiterated a "hold (c)" rating on shares of HF Sinclair in a research note on Friday, March 27th. Finally, Barclays dropped their price target on shares of HF Sinclair from $54.00 to $51.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 13th. 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $61.00.

HF Sinclair Trading Down 0.1%

Shares of NYSE DINO opened at $60.69 on Friday. HF Sinclair has a one year low of $24.66 and a one year high of $64.70. The firm has a market capitalization of $10.94 billion, a PE ratio of 19.77 and a beta of 0.70. The company has a current ratio of 1.94, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. The business has a 50-day moving average price of $56.14 and a two-hundred day moving average price of $52.91.

HF Sinclair (NYSE:DINO - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.83 by $0.37. HF Sinclair had a return on equity of 10.20% and a net margin of 2.15%.The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the company earned ($1.02) EPS. The firm's quarterly revenue was down .6% on a year-over-year basis. As a group, analysts predict that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

Hedge Funds Weigh In On HF Sinclair

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. grew its stake in HF Sinclair by 14.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company's stock valued at $30,899,000 after buying an additional 119,832 shares during the last quarter. Focus Partners Wealth boosted its holdings in HF Sinclair by 71.7% during the first quarter. Focus Partners Wealth now owns 19,400 shares of the company's stock valued at $638,000 after acquiring an additional 8,102 shares during the period. American Century Companies Inc. grew its position in shares of HF Sinclair by 11.1% in the second quarter. American Century Companies Inc. now owns 77,690 shares of the company's stock valued at $3,192,000 after purchasing an additional 7,773 shares during the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of HF Sinclair by 114.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 8,960 shares of the company's stock worth $368,000 after purchasing an additional 4,789 shares during the period. Finally, Norges Bank bought a new position in shares of HF Sinclair in the second quarter worth about $25,531,000. Institutional investors and hedge funds own 88.29% of the company's stock.

About HF Sinclair

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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