HF Sinclair (NYSE:DINO) Stock Rating Lowered by Wall Street Zen

HF Sinclair (NYSE:DINO) was downgraded by research analysts at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a note issued to investors on Sunday.

DINO has been the topic of a number of other reports. Scotiabank reiterated an “outperform” rating on shares of HF Sinclair in a research note on Thursday, October 9th. Raymond James Financial restated a “strong-buy” rating and issued a $65.00 target price (up from $60.00) on shares of HF Sinclair in a research note on Friday, October 17th. Morgan Stanley raised their target price on shares of HF Sinclair from $50.00 to $60.00 and gave the company an “overweight” rating in a research note on Friday, October 3rd. Barclays raised their target price on shares of HF Sinclair from $45.00 to $54.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 1st. Finally, TD Cowen raised their target price on shares of HF Sinclair from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, August 1st. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $58.36.

HF Sinclair Price Performance

NYSE DINO opened at $53.39 on Friday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.83 and a current ratio of 1.82. The firm’s 50 day moving average price is $52.16 and its 200-day moving average price is $44.06. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $55.63. The company has a market cap of $9.99 billion, a PE ratio of -116.07 and a beta of 1.00.

HF Sinclair (NYSE:DINO) last released its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. HF Sinclair had a negative net margin of 0.32% and a positive return on equity of 1.89%. The firm had revenue of $7.25 billion for the quarter, compared to the consensus estimate of $6.99 billion. During the same period last year, the firm earned $0.51 earnings per share. The company’s quarterly revenue was up .6% on a year-over-year basis. Sell-side analysts forecast that HF Sinclair will post 2.39 EPS for the current fiscal year.

Institutional Investors Weigh In On HF Sinclair

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. lifted its position in HF Sinclair by 2.2% during the first quarter. Principal Financial Group Inc. now owns 1,289,510 shares of the company’s stock valued at $42,399,000 after buying an additional 27,764 shares in the last quarter. Hara Capital LLC lifted its position in HF Sinclair by 1,550.6% during the first quarter. Hara Capital LLC now owns 57,492 shares of the company’s stock valued at $1,890,000 after buying an additional 54,009 shares in the last quarter. OMNI 360 Wealth Inc. acquired a new position in HF Sinclair during the second quarter valued at approximately $218,000. Twelve Points Wealth Management LLC lifted its position in HF Sinclair by 53.7% during the first quarter. Twelve Points Wealth Management LLC now owns 34,149 shares of the company’s stock valued at $1,123,000 after buying an additional 11,928 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its position in HF Sinclair by 71.4% during the first quarter. Level Four Advisory Services LLC now owns 125,263 shares of the company’s stock valued at $4,119,000 after buying an additional 52,182 shares in the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.