HF Sinclair (NYSE:DINO) Downgraded by Freedom Capital to Strong Sell

HF Sinclair (NYSE:DINO) was downgraded by research analysts at Freedom Capital from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday,Zacks.com reports.

A number of other analysts have also recently commented on DINO. Mizuho reiterated a “neutral” rating and set a $79.00 price objective (up from $67.00) on shares of HF Sinclair in a research report on Wednesday, May 27th. Wells Fargo & Company lifted their price target on shares of HF Sinclair from $58.00 to $67.00 and gave the stock an “equal weight” rating in a report on Tuesday, March 31st. TD Cowen boosted their price objective on shares of HF Sinclair from $79.00 to $98.00 and gave the company a “hold” rating in a research report on Tuesday, July 21st. UBS Group upped their price objective on shares of HF Sinclair from $65.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, May 5th. Finally, Weiss Ratings lowered shares of HF Sinclair from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $80.75.

HF Sinclair Price Performance

DINO stock opened at $90.00 on Tuesday. HF Sinclair has a 1 year low of $42.16 and a 1 year high of $94.22. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.88 and a current ratio of 1.79. The stock’s 50 day moving average price is $74.89 and its 200 day moving average price is $64.02. The firm has a market cap of $16.22 billion, a P/E ratio of 8.59 and a beta of 0.72.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Tuesday, July 28th. The company reported $5.31 earnings per share for the quarter, topping the consensus estimate of $4.49 by $0.82. HF Sinclair had a return on equity of 18.62% and a net margin of 6.13%.The company had revenue of $10.39 billion during the quarter, compared to the consensus estimate of $8.68 billion. During the same quarter last year, the business posted $1.10 earnings per share. HF Sinclair’s revenue was up 53.2% compared to the same quarter last year. On average, sell-side analysts expect that HF Sinclair will post 11.15 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Vivek Garg sold 717 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $71.89, for a total value of $51,545.13. Following the completion of the sale, the chief financial officer directly owned 11,475 shares in the company, valued at approximately $824,937.75. The trade was a 5.88% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Matthew Joyce sold 2,384 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $69.73, for a total transaction of $166,236.32. Following the transaction, the senior vice president directly owned 14,797 shares of the company’s stock, valued at $1,031,794.81. This trade represents a 13.88% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,736 shares of company stock valued at $954,694. 0.26% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On HF Sinclair

Institutional investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of HF Sinclair in the 4th quarter valued at about $26,000. REAP Financial Group LLC acquired a new stake in HF Sinclair during the 4th quarter worth approximately $29,000. Nalls Sherbakoff Group LLC acquired a new stake in HF Sinclair during the 4th quarter worth approximately $36,000. Fairway Wealth LLC purchased a new position in HF Sinclair in the first quarter valued at approximately $41,000. Finally, State of Wyoming purchased a new position in HF Sinclair in the second quarter valued at approximately $41,000. Hedge funds and other institutional investors own 88.29% of the company’s stock.

HF Sinclair News Summary

Here are the key news stories impacting HF Sinclair this week:

• Positive Sentiment: Q2 results significantly exceeded expectations. HF Sinclair reported adjusted earnings of $5.31 per share, above the $4.49 consensus estimate, while revenue reached $10.39 billion versus expectations of $8.68 billion. Net income was $892 million, or $4.93 per diluted share, compared with $208 million, or $1.10 per share, a year earlier. Higher refining margins and increased throughput drove the improvement. Reuters: HF Sinclair beats quarterly profit estimates
• Positive Sentiment: Lubricants and Specialties separation could unlock value. HF Sinclair plans to pursue a tax-efficient separation of the business through the capital markets, creating an independent, publicly traded company. Management says the new entity would have a capital-light model and greater financial flexibility; the business includes lubricants associated with the company’s DINO-branded motor oil. Financial Post: HF Sinclair strategic transformation
• Positive Sentiment: Dividend increased 5%. The quarterly payout was raised to $0.525 per share from $0.50, with a 2.3% indicated yield. The dividend is payable September 2 to shareholders of record August 11. Business Wire: HF Sinclair second-quarter results and dividend increase
• Neutral Sentiment: HF Sinclair also plans to retire Canadian base-oil refining assets, a move intended to streamline the portfolio but potentially reducing some operating capacity.
• Negative Sentiment: Analysts have cautioned that the spinoff plan may be largely reflected in the stock’s valuation after the earnings-driven advance, limiting additional near-term upside.

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.