HF Sinclair (NYSE:DINO) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of HF Sinclair (NYSE:DINO) from a buy rating to a strong-buy rating in a research note issued to investors on Sunday.

DINO has been the subject of several other research reports. Morgan Stanley lifted their price target on HF Sinclair from $50.00 to $60.00 and gave the stock an “overweight” rating in a research note on Friday, October 3rd. Piper Sandler upgraded HF Sinclair from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $64.00 to $68.00 in a research report on Thursday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. Mizuho lifted their price target 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, UBS Group boosted their price objective on shares of HF Sinclair from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, November 4th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $60.60.

HF Sinclair Price Performance

Shares of NYSE:DINO opened at $50.30 on Friday. The company’s fifty day moving average price is $50.61 and its 200-day moving average price is $49.22. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.91 and a quick ratio of 0.97. The firm has a market capitalization of $9.25 billion, a price-to-earnings ratio of 24.07 and a beta of 0.84. HF Sinclair has a one year low of $24.66 and a one year high of $56.58.

HF Sinclair (NYSE:DINO) last posted its quarterly earnings data on Thursday, October 30th. The company reported $2.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.50. The company had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $6.99 billion. HF Sinclair had a net margin of 1.46% and a return on equity of 5.77%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. On average, equities research analysts anticipate that HF Sinclair will post 2.39 earnings per share for the current fiscal year.

HF Sinclair Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 5th. Stockholders of record on Wednesday, November 19th were issued a $0.50 dividend. The ex-dividend date was Wednesday, November 19th. This represents a $2.00 annualized dividend and a dividend yield of 4.0%. HF Sinclair’s dividend payout ratio (DPR) is currently 95.69%.

Institutional Investors Weigh In On HF Sinclair

Institutional investors have recently added to or reduced their stakes in the company. PFG Investments LLC purchased a new stake in shares of HF Sinclair in the 2nd quarter worth approximately $244,000. Campbell & CO Investment Adviser LLC purchased a new position in HF Sinclair during the second quarter valued at $1,851,000. Charles Schwab Investment Management Inc. boosted its holdings in HF Sinclair by 5.0% in the second quarter. Charles Schwab Investment Management Inc. now owns 6,225,992 shares of the company’s stock worth $255,764,000 after acquiring an additional 298,735 shares in the last quarter. OMNI 360 Wealth Inc. purchased a new stake in shares of HF Sinclair in the second quarter worth $218,000. Finally, Diversified Trust Co grew its stake in shares of HF Sinclair by 211.5% in the third quarter. Diversified Trust Co now owns 45,509 shares of the company’s stock worth $2,382,000 after acquiring an additional 30,901 shares during the last quarter. Hedge funds and other 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.