Argus Upgrades HF Sinclair (NYSE:DINO) to “Hold”

HF Sinclair (NYSE:DINO) was upgraded by analysts at Argus to a “hold” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently commented on the company. UBS Group raised their target price on HF Sinclair from $63.00 to $65.00 and gave the company a “buy” rating in a report on Tuesday, November 4th. Zacks Research cut shares of HF Sinclair from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 10th. BMO Capital Markets dropped their price objective on shares of HF Sinclair from $65.00 to $60.00 and set an “outperform” rating for the company in a report on Monday. Mizuho upped their target price on shares of HF Sinclair from $62.00 to $63.00 and gave the stock an “outperform” rating in a research note on Friday, December 12th. Finally, Wall Street Zen cut shares of HF Sinclair from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. One 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 given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $58.73.

HF Sinclair Stock Performance

NYSE:DINO opened at $50.76 on Tuesday. HF Sinclair has a fifty-two week low of $24.66 and a fifty-two week high of $59.33. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.97 and a current ratio of 1.91. The company has a 50 day moving average price of $50.87 and a 200 day moving average price of $51.20. The stock has a market capitalization of $9.34 billion, a P/E ratio of 16.53 and a beta of 0.87.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.83 by $0.37. HF Sinclair had a return on equity of 10.16% and a net margin of 2.15%.The company had revenue of $6.46 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period in the prior year, the firm earned ($1.02) earnings per share. The firm’s revenue was down .6% compared to the same quarter last year. Equities research analysts forecast that HF Sinclair will post 2.39 EPS for the current year.

Institutional Investors Weigh In On HF Sinclair

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. boosted its stake in HF Sinclair by 14.6% in the first quarter. Goldman Sachs Group Inc. now owns 939,764 shares of the company’s stock valued at $30,899,000 after acquiring an additional 119,832 shares in the last quarter. Focus Partners Wealth lifted its holdings in shares of HF Sinclair by 71.7% in the 1st quarter. Focus Partners Wealth now owns 19,400 shares of the company’s stock valued at $638,000 after purchasing an additional 8,102 shares during the last quarter. Teacher Retirement System of Texas lifted its holdings in shares of HF Sinclair by 11.8% in the 2nd quarter. Teacher Retirement System of Texas now owns 38,196 shares of the company’s stock valued at $1,569,000 after purchasing an additional 4,027 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of HF Sinclair by 203.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 1,545 shares of the company’s stock valued at $63,000 after purchasing an additional 1,036 shares during the period. Finally, Retirement Systems of Alabama grew its stake in HF Sinclair by 0.6% during the 2nd quarter. Retirement Systems of Alabama now owns 195,738 shares of the company’s stock worth $8,041,000 after buying an additional 1,085 shares during the last quarter. 88.29% of the stock is currently owned by institutional investors and hedge funds.

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.