HF Sinclair (NYSE:DINO) Downgraded by Wall Street Zen to Buy

Wall Street Zen downgraded shares of HF Sinclair (NYSE:DINO) from a strong-buy rating to a buy rating in a report published on Saturday.

Other analysts also recently issued research reports about the stock. Morgan Stanley increased their target price 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. UBS Group increased their price objective on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Piper Sandler lifted their target price on shares of HF Sinclair from $59.00 to $64.00 and gave the stock a “neutral” rating in a research note on Friday, November 14th. Barclays upped their price target 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, Zacks Research downgraded HF Sinclair from a “strong-buy” rating to a “hold” rating in a report on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, HF Sinclair currently has an average rating of “Hold” and a consensus price target of $60.20.

HF Sinclair Stock Performance

NYSE DINO opened at $46.89 on Friday. The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 22.43 and a beta of 0.84. The company has a quick ratio of 0.97, a current ratio of 1.91 and a debt-to-equity ratio of 0.29. HF Sinclair has a twelve month low of $24.66 and a twelve month high of $56.58. The stock has a fifty day simple moving average of $50.99 and a 200 day simple moving average of $48.88.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Thursday, October 30th. The company reported $2.44 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.50. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $6.99 billion. HF Sinclair had a return on equity of 5.77% and a net margin of 1.46%.The business’s revenue was up .6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.51 EPS. Sell-side analysts expect that HF Sinclair will post 2.39 EPS for the current year.

HF Sinclair Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were paid a $0.50 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.3%. HF Sinclair’s dividend payout ratio (DPR) is currently 95.69%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in DINO. Quent Capital LLC bought a new stake in shares of HF Sinclair during the third quarter valued at approximately $28,000. Kiker Wealth Management LLC acquired a new stake in HF Sinclair in the 2nd quarter valued at $32,000. Johnson Financial Group Inc. bought a new stake in HF Sinclair during the 2nd quarter valued at $33,000. West Oak Capital LLC acquired a new position in HF Sinclair during the second quarter worth $38,000. Finally, State of Wyoming bought a new position in shares of HF Sinclair in the second quarter valued at $41,000. Institutional investors own 88.29% of the company’s stock.

HF Sinclair Company Profile

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.