Weiss Ratings Reiterates Hold (C-) Rating for HF Sinclair (NYSE:DINO)

Key Points

• Weiss Ratings has reissued a Hold (C-) rating for HF Sinclair (NYSE:DINO), indicating a cautious outlook on the stock.
• Analysts from various firms have differing views: Wells Fargo increased their price target to $38.00 while Scotiabank raised theirs to $61.00, reflecting varied assessments of the company's potential.
• HF Sinclair's recent quarterly earnings surpassed expectations with an EPS of $1.70, despite a 13.5% decrease in revenue year-over-year compared to the same quarter last year.

HF Sinclair (NYSE:DINO - Get Free Report)'s stock had its "hold (c-)" rating reissued by analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

DINO has been the subject of several other research reports. Wells Fargo & Company increased their price target on shares of HF Sinclair from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Wednesday, June 11th. Scotiabank raised their price objective on shares of HF Sinclair from $49.00 to $61.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. Wolfe Research downgraded shares of HF Sinclair from a "peer perform" rating to an "underperform" rating in a report on Monday, July 14th. Barclays lifted their price objective on shares of HF Sinclair from $45.00 to $54.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 1st. Finally, Morgan Stanley boosted their price objective on shares of HF Sinclair from $50.00 to $60.00 and gave the company an "overweight" rating in a research report on Friday, October 3rd. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, HF Sinclair presently has an average rating of "Moderate Buy" and an average price target of $55.64.

HF Sinclair Trading Up 0.7%

Shares of HF Sinclair stock traded up $0.34 during trading on Wednesday, reaching $52.32. The company's stock had a trading volume of 1,434,262 shares, compared to its average volume of 2,263,251. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $54.73. The company has a market cap of $9.79 billion, a price-to-earnings ratio of -113.74 and a beta of 1.00. The firm's 50-day moving average is $49.34 and its two-hundred day moving average is $40.93. The company has a quick ratio of 0.83, a current ratio of 1.82 and a debt-to-equity ratio of 0.29.

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 analysts' consensus estimates 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 company had revenue of $6.78 billion during the quarter, compared to analysts' expectations of $6.93 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The firm's revenue was down 13.5% on a year-over-year basis. On average, sell-side analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current year.

Insider Activity at HF Sinclair

In other news, EVP Valerie Pompa sold 11,000 shares of HF Sinclair stock in a transaction on Friday, August 1st. The stock was sold at an average price of $42.53, for a total transaction of $467,830.00. Following the transaction, the executive vice president owned 39,591 shares in the company, valued at $1,683,805.23. The trade was a 21.74% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.34% of the stock is currently owned by corporate insiders.

Institutional Trading of HF Sinclair

A number of hedge funds and other institutional investors have recently modified their holdings of DINO. Kiker Wealth Management LLC acquired a new position in HF Sinclair in the 2nd quarter valued at about $32,000. Johnson Financial Group Inc. acquired a new position in HF Sinclair in the 2nd quarter valued at about $33,000. Byrne Asset Management LLC acquired a new position in HF Sinclair in the 1st quarter valued at about $35,000. West Oak Capital LLC acquired a new position in HF Sinclair in the 2nd quarter valued at about $38,000. Finally, Allworth Financial LP grew its position in HF Sinclair by 553.9% in the 1st quarter. Allworth Financial LP now owns 1,334 shares of the company's stock valued at $41,000 after acquiring an additional 1,130 shares in the last quarter. 88.29% of the stock is owned by institutional investors and hedge funds.

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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