Mizuho Forecasts Strong Price Appreciation for HF Sinclair (NYSE:DINO) Stock

HF Sinclair (NYSE:DINO) had its price objective boosted by equities research analysts at Mizuho from $63.00 to $69.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price target points to a potential upside of 17.96% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Morgan Stanley set a $57.00 price objective on HF Sinclair in a report on Thursday, February 19th. TD Cowen lifted their price target on shares of HF Sinclair from $44.00 to $50.00 and gave the stock a “hold” rating in a research note on Thursday, February 19th. Argus raised HF Sinclair to a “hold” rating in a report on Tuesday, February 24th. BMO Capital Markets dropped their price target on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a research report on Monday, February 23rd. Finally, Barclays decreased their price target on HF Sinclair from $54.00 to $51.00 and set an “equal weight” rating for the company in a report on Tuesday, January 13th. One investment 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 data from MarketBeat, HF Sinclair presently has a consensus rating of “Hold” and an average target price of $59.27.

HF Sinclair Stock Up 3.4%

HF Sinclair stock traded up $1.91 during trading on Tuesday, reaching $58.50. The stock had a trading volume of 1,300,191 shares, compared to its average volume of 3,063,688. HF Sinclair has a 52-week low of $24.66 and a 52-week high of $59.33. The business has a 50 day moving average price of $52.86 and a 200 day moving average price of $51.98. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30. The stock has a market cap of $10.55 billion, a PE ratio of 19.03 and a beta of 0.83.

HF Sinclair (NYSE:DINO) last announced its quarterly earnings data on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The company had revenue of $6.46 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same period in the prior year, the firm posted ($1.02) EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that HF Sinclair will post 2.39 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quent Capital LLC acquired a new stake in HF Sinclair during the 3rd quarter valued at $28,000. V Square Quantitative Management LLC purchased a new stake in shares of HF Sinclair in the fourth quarter valued at $26,000. REAP Financial Group LLC acquired a new stake in shares of HF Sinclair during the fourth quarter valued at $29,000. Nalls Sherbakoff Group LLC acquired a new stake in shares of HF Sinclair during the fourth quarter valued at $36,000. Finally, Johnson Financial Group Inc. purchased a new stake in HF Sinclair during the 2nd quarter worth about $33,000. 88.29% of the stock is owned by hedge funds and other institutional investors.

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.